Nick E.
Tax Questions - First Rental Property Closing early 2017
Hello BP Community,I think I know the answers to the following questions, but I wanted to verify with the BP community:Background: I have spent the last few months researching, visiting, and placing offers on properti...
Shivam Patel
Incentivising tenants to leave property? (Good Tenants)
Hey Fam,I have a 3-part question. Backstory: I bought my first property (closed in last September) for $315,000, and got at interest rate of 2.375% through FHA. I had to put 9% down for this SFH (3br,2ba) and about $1...
Jan Walczak
(Toronto/Ontario) Selling property as principal residence proof
Hi everyone,
I'm considering selling one of my properties next year but would like to sell as principal residence to avoid capital gains tax. What documentation/proof do I need to provide CRA as means of proof?
Ex....
Atanas Angeles
EXCLUSIVITY AGREEMENT WITH BROKER/REALTOR
Hey Everyone!
I have purchased a few properties in the past, and this time around I got into contact with an agent who claims that they will find me an off market property at discounted price for us to fix and flip...
Account Closed
Texas property tax question
Hi all, I am a newbie here working on 2.3m deal in Houston. The listing is completely off market and seller financing. The current property appraised value is 1.1 m and I am buying it for 2m because of great cash flow...
Nadir M.
How long do I have to live in one side to obtain an FHA loan?
Currently residing in Denver CO and saw a duplex that I really like. In CO, to buy said duplex using an FHA loan, how long do I have to live in this property before refinancing? Want to do this legally. Thank you,
Ellie Narie
How do you "define" primary residence for FHA purposes?
Could you live in an FHA property for 6 months and 1 day and still have it count as your primary residence? As in, spend 6 months and 1 day sleeping at the property, and the other time of the year not sleeping there, ...
Susan O.
Insurance spec questions in Carlifornia - duplex,
Hi we have some rentals in southern California. Rental single houses, duplexes, triplexes, quadsI am planning to overhaul all insurance- I have State Farm and I think they charge a lot but I have nothing to compare f...
Lacey S.
How to overcome my DTI problem
I have been looking to buy my first buy and hold rental for about 18 months. I have enough cash on hand for a 20-25% downpayment and a contingency fund. I have an area and investment strategy in mind but when I went t...
Marcus Bartels
Manage from a Distance - What to do with Keys?
Hey BP,I’m managing 4 units for a distance and am trying figure out the best system or solution to the keys.My first thought is to have a boots on the ground person I can trust to collect keys and take pics of units w...