Justin Polston
Local bar owner looking to sell, tax implications/capital gains amounts if owner lives in property (and has for 40 years)?
Hi all, I listed a local bar/tavern recently and the owner lives in the upstairs and has for quite some town. When the property sells, what are the tax implications for the seller? There are no liens, mortgages, or...
JP Christopher
Tenant is victim of abuse frm other tenant - wants them off lease
Hi there. We have two females renting a home from us. They entered into the lease as couple and from what we knew, we're doing fine. We received a message from one of the residents (Ill call her Melanie) yesterday a...
Carlos Flores
Financing multiple 1-4 unit properties with Fannie and Freddie
I've seen several posts lately about the number of 1-4 unit properties one can finance with Fannie Mae and Freddie Mac, and their respective guidelines. While the two GSE's are somewhat similar, it's important to reme...
Yiyi Guo
'settling down' before investing? (currently@Milwaukee, WI)
Hello everyone, I'm a young professional who just started to learn about investing. Currently I live in Milwaukee with my husband in an apartment, and we are considering buying a multi-family in a year and start house...
John McAuley
Trump Tax Plan - Calling All You Tax Gurus
I haven't seen another post about it so I thought I would start one. I've read the 9 page tax plan summary. Although very vague, it provides a framework for what they are going after and mentions several things I th...
Joe Evans
Buy home + spend all savings OR rent apartment + keep savings?
I'm currently renting and recognize that my money is better spent going towards an asset. I have a modest amount of money saved up that, if paired with an FHA loan, could land me a home here in Austin, TX!My dilemma: ...
Michael Rashfal
Caribbean Investment in Residential or Commercial Property
Hi Everyone,
For anybody who has experience investing in the Caribbean, due to the recent hurricanes that have hit the area, is now a good time to invest in places like San Juan or Saint Martin (either residential o...
Bidkar Salazar
Qualifying for FHA loan if you already own a property free amd clear.
Good afternoon everyone. I'm trying to get all my questions out of the way before I pursue my 1st rental. Could anyone help me by answering this question. Can I qualify for an FHA loan on a second property when I al...
Nicholas Aramouni
Purchasing my first two units - Not sure how to maximize approach
Hello Community. This is my first post on BP, and I am excited to be here to contribute and learn from the community! I am beginning my investing journey soon and I know this is a great place to start. I've really had...
Lisa Martin
Accessory unit rent not counted as income. What? What? What?
We have been careful to document and report all rental income to the IRS from our accessory unit attached to personal residence for the past 4 years.In our current application for investment loans our lender is tellin...