James Jones
Capital Gains on Investment Property
Hello,New to this forum. Quick question:Quick question - How much total capital gains tax (both fed and state) would be for a property that I bought in 1997 for $500,000 and sold today for 1,000,000?The property is in...
Austin McCarthy
First Rental Property - Condo in Charlotte NC
Looking to make my first real estate investment (outside of my primary residence). Looking at a 1B/1B condo on the MLS asking price around $40K. My plan would be a conventional 30Y mortgage with 20% down. Expenses ...
William Harrison
Refinance or HELOC??
I’m lookong to use the equity in my home to start acquiring Rental properties.
I currently have about $100K in equity In my home according to county assessment and other homes in my are have been selling for tens of...
Michael Craig
Is $500,000.00 in Personal Liability Addequate for Owner Occ MFR?
As you know, we live in a society where you get sued for looking at somebody the wrong way. As I am shopping for insurance, I can't help but ask myself, "what is adequate coverage for my owner occupied, 3 family home?...
Jody Kennedy
Is a legal in-law ok in a 4 family with FHA financing?
Hello, I'm looking to purchase a home that's currently a 5,600 SF SFH, it was converted from a 5 family years ago when the daughter inherited it and wasn't interested in being a landlord. She kept the apartments maint...
Todd Simmons
Flipping in Michigan
Hi Everyone, Is there anyone doing any flips in Detroit Michigan?
Tyler Silverman
How to Negotiate a Counteroffer? First OOS offer
Hello to all the BP people,I am trying to land an OOS (out of state) deal but need a little input from y'all. Here's the scenario:I made an offer for $350k to buy an awesome triplex listed at $400k. The seller's count...
Ting Liu
How to recover my loss from cosigner?
I have a rental property with lease expired on June 30th, 2018. I informed the tenant that I won't renew lease with them more than 30 days left on lease. Well, the tenant refused to move. Therefore, I had to file e...
Alicia Gates
Sinkhole is part of sellers disclosures - should I walk away??
I found what I think might be a good deal (it's a duplex in TN), but when I asked my agent to contact the other agent with questions, she sent back a seller's disclosure form that indicates there's a sinkhole on the p...
Tavares L.
No Mortgage on Rental; Use Cash or HELOC for expansion?
Hi Everyone,Rookie Question here.I have mortgage-free SFH rental property in San Antonio, TX that generates $1300/month ($1000 after Exps), w/ an assessed value of $165K.Questions: Is it more beneficial to use a HELOC...