Our lender told us that second homes purchased after 2 Feb 2022 will now be charged a tax (4% of home price) up front.  Has anyone heard of this?
Jon
 

Good morning all,

I was talking to a friend today who lives in Dubai. This friend informed me of an investment opportunity in Dubai renting out flats (multi room apartments) by the room. I was told the investor pays ...

Hi everyone.  I recently bought a rental property and I need to replace the range oven.  Question, is it better to by a flat surface top or one that has heating coils instead? Aesthetically the flat top looks better, ...

I have a pre approval for an OO 100% Mortage through USAA Federal Savings Bank. I called yesterday to ask about getting a pre approval letter for an offer I'm going to make. The woman I spoke to said even though I h...

Hi all.  Newbie here.  I noticed Brandon Turner often mentions his tenants pay all the utilities in his rentals.  That was a new concept to me, since every apartment I had ever lived in the landlord paid water/sewer/t...

Hi BiggerPockets, This is my first post to the forums. I am very excited and driven to find my very first REI property. My goal is to find a 2 flat in a Chicago neighborhood and live in one of the units (House Hacking...

My dad is a contractor and he has been instrumental in helping me buy my first reo property. He has inspected the house and determined what work needs to be done on it. He will also have one of his guys serve as the...

Hello All, My name is Randall Owens and I am looking for serious help in regards to a  2 flat building with a unfinished basement that I plan on converting to a 3rd unit in Chicago. I have a pre approval that includes...

Do we need to hire an attorney or could we do it ourselves? What are normal costs to set up an LLC? Here is what they sent us. Any recommendations?"The $1,275 Two Member LLC flat fee we discussed includes the creation...

Can anyone weigh in on how to find a responsible, affordable property manager for my first property? It's not a large MF, and so I have some concerns. And what rates are people paying? Thanks.