So I just purchased a deal and closed this week . The new property is a duplex . I have not targeted duplexes because I have focusing on targeting larger units however, this deal was put in front of me and it seeme...
If I owe $350k mortgage and I take out $100,000 HELOC and spend it on say a 6 month CD,
And then I sell the house for $700k
I would only have $250k profit right? Then I’d avoid capital gains tax in Massachusetts?
Hey folks,
I am getting ready to close on my wife and I's dream home. We currently live in a townhome we bought back in 2018. My question is should I consider selling or renting it out? (Part of me doesn't want the h...
As many of you know flood insurance rates are increasing via a $250 per year surcharge for investment properties. What I want to ask the BP community is how are you trying to mitigate these increasing costs? $250 per...
I'm just searching at this point. Not investing any money yet. So this is just a scenario I am looking into. I found a foreclosed three-unit multifamily house close to where I am living in Birmingham, AL. It is listed...
Hi Guys,I'm starting my vetting process of various mortgage lenders in my area. I have compiled a nice list of questions based on the article 7 Questions Real Estate Investors Should Ask When Selecting a Lender. Can y...
I’ve watched many videos on mobile home investing, also read article after article... I’m having a difficult time trying to understand ROI and cash flow with calculating lot rent. The videos I’ve seen has tossed arou...
I have a SFH which has been rented by same family for 10 years . I inherited the tenants when I bought it 4 years ago . Even though they’re very messy , They always pay on the 1st of each month. Now they want me to p...
I did this flip a while ago but never posted anything because it felt like bragging. However I find myself reading and enjoying, and learning from other members posts almost on a daily basis so I figured this is my c...
Tenant has been making small payments towards the total move-in costs. We are one day before move-in, and tenant is 40% short. Already questioning my judgment and wondering ... if the total move-in costs are not full...