One of my goals has been early retirement. 2 of the rentals I own are going to help achieve that goal. Here's a quick summary of each: 1) 30 year mortgage, 4.125%, $1,350 / month rent, 30% equity 2) 30 year mortg...
I have a small amount to use as a down payment but a lot of the properties I'm looking at are "cash only" and no financing available. Is it possible (with good credit) to get an unsecured line of credit, use my own ca...
Hey BP. Currently have an offer in on a property. The seller/owner is willing to do owner financing. Zillow has it for 200 + and the county has it listed as a multifamily. We have agreed to write up the contract for 1...
Here's the situation. . .I am under contract on a property that was supposed to close next week. Unfortunately, the seller passed away and does not have a will or trust. So it looks like this will be headed to probat...
I had a funny thought pop into my head as I began to prepare for the upcoming tax season: should I intentionally pay more taxes (by not taking all deductions/credits claimable) so as to be able to leverage that income...
In July, I moved into a 2 family that we purchased using FHA financing. We are now interested in moving to another area of town. I know you are supposed to owner occupy FHA properties for one year, but I am having ...
Hi BP,So I know that the jist of the 1041 exchange is that you can keep deferring your capital gains tax when selling properties and buying new ones. I also know I've heard that if you live in a property for 2 of the ...
Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...
To clarify - GSA is the General Services Administration, a branch of the gov't that buys property (residential property) for gov't use and then will sell it later at auction to recoup their expense (is this accurate? ...
I am 30, single and currently live in long island, NY. I'm currently in a very forgiving circumstance, where I am living for free at my family's home. I've saved a good amount of money this past year and due to covid,...