Hello BiggerPockets Community!Earlier this year I came to the realization that I’d like to invest in Real Estate. Just to share a little about myself, after I came to this realization I primarily focused on paying off...
Hi All, I was looking for some advice on a recent application I have for one side of a Duplex I have listed. I received an application from a couple (boyfriend and girlfriend) who have been living together for the las...
At the end of this year, I would like to purchase a personal residence with a FHA loan. Is it possible to use a FHA loan for wholesale properties? I would live in the property and do renovations (kitchen and cosme...
I have been interested in real estate my whole life, started reading about it the past few years and I have been thinking about getting more serious over the past couple of months.
For me, wholesaling sounds like a g...
I have some very specific questions about possibly renting out rooms in my house. My partner and I bought a house 5 months ago and would like to earn some extra income to eventually rennovate the entire house. Scenari...
Hello BP. Thought this one was a tough one that only a CPA could figure out and a good learning lesson on how to take title. What will he/mom be taxed if they sell? Can taxes be avoided? Had someone come into my open...
Someone reached out to me about selling a primary residence they've owned for 14 years, and rented out for the last 18 months.
I know just enough tax stuff to be dangerous.
The gain on the 14 years is tax free up to...
The reason I ask is, at the foreclosure I just bought, the neighbor claims there used to be about eight cars parked at the house, and tons of people living there. He may be exagerating but clearly there were too many ...
Hi All,
I own a primary residence in Katy, Texas, still have about $325,000 to pay off. Interest is 2.85% (bought during COVID). I do own a rental property in Texas, interest rate is 4.8%, and it has a lower mortgage...
Can anyone familiar with FHA 2/1 Buy Down Program shed a little light. From my understanding its a loan that allows you to buy down your interest rate for the first two years of your mortgage. The third year your mo...