I have a dream of buying a dump of a house, rennovating the entire thing and adding a basement apartment that can be rented out to help cover a large part of our mortgage. Our area (DC metro) is VERY expensive and I t...

Hi BP!My wife and I are a week away from closing on our SFR! We have been looking for the next place for months and have yet to find something that works for us. We have set our sights on a cheaper townhome in the Tem...

Question for the CPA's and Tax Lawyer's out there.If I own a rental property within an LLC and I (or my spouse) meet the criteria for tax purposes of being a "Real Estate Professional" would Self-Employment (SE) taxes...

So I’m working on trying to close a wholesale deal where the owner is deceased, but took a reverse mortgage out on the property. The children are now trying to close out the small estate by getting rid of the home. ...

I am looking to pull some equity out of my paid off house. would it be wise to pull out enough for 20% down or should I pull out as much as I can to put on the investment property? (my home is worth about 80K)

I don't like getting involved with stuff like this...But I have a situation in Los Angeles city where a boyfriend-girlfriend are breaking up.  The boyfriend pays all the bills and wishes to stay. The girlfriend has be...

Ok my understanding is that repairs and improvements to get a property fixed up so it can be put into service as a rental are added to the basis of the property per what the IRS says.  So with that said, I have a coup...

Hi everyone, the situation:I currently live and work in California (my job is very California specific) but with the astronomical rents eating into my earnings and the downward decline of the state, I am looking to pu...

Hi everyone,I have a unique problem that I'm having difficulty coming up with creative solutions for. Here it is:My wife and I are looking at ways that we can help my sister-in-law and her husband finance a home, whil...

Folks, I am desperate, ok, almost desperate. 2 months ago I went under contract that is not contingent of financing. I told the seller I will pull mortgage. Now... you know what happen during those 2 months, the marke...