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Over a year ago, I was living in San Diego, California thinking about my next move to earn "passive income" with. I threw a dart at a map. Just kidding! After much thought and research (about 3 months of contempla...
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I have a long story to tell you guys. I was the person that purchase a baltimore city duplex from FNMA, that had my copper pipes cut a day before closing back in August. I will document my journey in a few weeks. I...
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So I am buying a property through a wholesaler, I already put down 7k of earnest money on the property, a hard money lender who I am working with (and got from the bigger pockets lists) asked for a "Good Faith Deposit...
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I'm looking to diversify into real estate but need to remain fairly passive given my day job. I've started off by putting a turnkey duplex under contract that will close this week, but the more I look at it the more I...
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Hi,After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents...
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Hello there, new to this community. I have been listening to a lot of the BP podcasts and youtube videos for the last few weeks. My husband and I are both in medicine. Next year he will be an attending and I will be s...
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Hey guys. I'm new to the forum, but I've been on here for a while reading articles, tips, et cetera, and it's been a great help so far. I have a few questions of my own though and I'd much appreciate your thoughts.
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I am a new potential investor. I'm still lurking, reading, learning here. My long term goal is to take early retirement from my company within the next 2 years, and buy a couple of multi family properties to supple...
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Hey BP!I now have an 8 unit property under contract in North Carolina. This is my first commercial purchase and first multi-family. I would like to hear from the community any advice, tips, or lessons learned for th...
I'm confused about the tax advantages of rental properties as compared to stocks. For the following, assume I buy an SFR with 20% down, rent it out, and sell after 30 years.
I'm taxed on the "profit" (I'm not yet sur...