Rita Koroll
Flipping or holding and renting?
As an amateur starting out, is it better to start with rentals for cash flow or flipping?
Kenny Smith
2 out of the last 5 rule?
Hey all,I am considering on selling my condo next year. At the time I sell it, I will have lived there 1 out of the last 5 years and renting out since moving out.One of my CPAs said I can still be exempt up to $125k ...
Antoine Philidor
We inherited a tenant
We took the plunge and through a 203K loan was able to buy our very first property. When we first visited (July 2023) the duplex, the previous owner told us that the tenants (older couple with one of them being a reti...
Vince Gethings
Who is the Best All-in-One bank?
Good Afternoon BP!As the title says, I'm in the market for a new bank; hopefully one that can do it ALL efficiently and with great user-friendliness. I've tried to keep it "local" and support my community, but it's ju...
Jerry Poon
Fixed Rate vs Adjustable Rate?
The fixed rates I've been encountering have been a little higher than the adjustable rates. I know this question is a little vague, but how do I approach comparing the two? At this point, it seems like a gamble to try...
Joseph Shin
First investment property question
Hey BP. I'm currently saving for a down payment on my first investment property.Currently I am seeking a duplex/triplex in the Port Hope/Northumberland area. There seems to only be older properties within my price ran...
Jesse M.
What kind doors to use?
Currently renovating a duplex. There is a shared front door that leads inside to a shared hallway with 1 unit on ground floor and 1 unit up a flight of stairs. The doors to each unit are currently interior grade hol...
Andrew Acuna
Transfer out of FHA with LLC
Okay, here's the deal. Two years ago, I bought a 4plex using an FHA loan and have and continue to occupy one of the four units. I love it, but I want to do it again and get out of this FHA so I can get another one... ...
Preston Hamilton
Short sale involving a land sale contract
This is a new one for me. Couple is losing a house due to a default on a land sale contract. It was a bailout situation, though they actually kept the contract up for two years before the guy lost his job and they m...
Ethan Smith
New to investing looking at Gainesville and Orlando
Hey BP,
I'm new to investing and having gone to both UCF and UF I have seen the value in buy and hold rental properties. I'm very interested in purchasing my first rental in Gainesville this spring/summer and would l...