Ryan Canfield
How To Make This Work in Chicago
Hello BP,I am owner occupying a property that I financed with an FHA loan. My 1 year residency requirement expires April 2017.I recently found a property listed as a short sale that I would owner occupy. The problem...
Alejandro Lee
LLC not needed for rental property
Hello BP! I hope you all are doing great! So a couple of months ago i created an LLC in Cleveland (i live in California), i did so in order to place my rental property and all that. Now that the LLC is created, i deci...
Ada Tor
Is STR in Arizona in the summer viable?
Hello everyone, I'm getting started with STR niche (used to have LTRs before and looking for better returns). I'll be starting out with my primary residence house to see if it's for me before I start looking for inves...
Diana Medina
1031 Exchange - How to split the funds
Hello.I’m closing on the sale of a property and have the option to roll over the gains into a 1031 exchange. I’ve identified a new investment and can use part of the funds to finance the new purchase. I can identify a...
Joe Coyne
Cash Out Refinance - Need Advice
Hello all at BP,I have a duplex that I am currently living in half. I purchased three years ago at $130k and, at the time, I thought a 15 year was the answer - lower total cost at an unheard of 2.75 rate is what reso...
Account Closed
Possibilities for beginner investor
Hello and thank you first for the time you are taking to read my question. I am looking for ideas for my plan to financial freedom. I am very minimalistic in my needs and currently can cover my livestyle for $2,000/mo...
Daniel Flores
Accidental landlord Tax question
New job is going to take me away, having me moving from my primary residence and hoping to rent the house out. I am wondering how this is going to affect my tax liability on what was my primary residence. Don't want a...
Derrick Young
Does anyone know how to get started running a Halfway House?
What is the best way to get started in running a halfway house.
Benjamin Kleschinsky
Renting out home on FHA loan to help pay for mortgage?
So I'm qualifying for a mortgage for the first time.
The mortgage is $3500/month. I make $4000/month while I attend college. After I graduate with the combined income from my spouse, we would be making significantly ...
David Weymouth
1031 exchange to buy future primary home
I have sf rentals that have done quite well. I live out of state in a home that is larger than my wife and I need. We like the area and don't plan to move were the rentals are located. As I mentioned they exceeded my ...