Eric Thomson
How to report sale of rental property I lived in 2 of previous 5 years in TurboTax
I am filing my taxes using TurboTax Home & Business and I'm filing later than normal specifically because of this issue that the TurboTax hotline has been unable to help with. This is probably the last year I try ...
Dennis Nikolaev
timing to form an LLC
I'm about to buy an STR (Airbnb) just outside San Diego. I believe it is a good idea to set up an LLC for that property (as there are many people going through, slip&falls may happen more often).If I plan to close...
Alex Kosley
Paying off debt vs. investing in LTR - Thoughts?
I am a 29 year old male, married, with joint income living in Dallas. My wife and I bought our first home in Feb. 2020 for 360k (4bd/2ba), worth roughly 500k now. We were fortunate to save enough to buy a new primary ...
Sam A.
Sell gold/silver to purchase next property??
My first rental is up and running smooth. I bought it outright, financed the costs to fix it up but need to wait 6 months from the purchase date to get a mortgage on it to cover the fix-up financing (5% with mortgage...
James Mandel Jr.
Just put an offer in....
I put an offer in on a 1934 bungalow style home. I'm going to live in it for a year while I'm remodeling. They are asking about 116k. The comps are selling at 125k same condition. I offered 105k. The market here ...
Nicholas Baughman
Cash out and lender advice
Hello,
I've been shopping around trying to figure out the best rates to do a VA cash out of my primary. I owe 300k on a 30 year, 2.75% rate mortgage. I'm looking to pull out possibly 300k. My DTI is ~47%. My credit s...
James Greenwood
Newbie- 5 acre flip- offering owner financing- 1031 exchange
Hello!Seeking any advice from the pros on owner finance and 1031 exchange. Thanks in advance!I purchased an inexpensive 5 acre property out of state (1000 miles) for two reasons. 1 to gain experience and confidence in...
Amie Gray
First Long Distance BRRRR
Hi BP! My husband and I are in are 50s. We are looking forward to retirement but concerned about our ability to weather the stock market swings over the next 25 years and maybe more. We have two kids; our son is just ...
Andrew Mazzenga
Wholesaling Law
I have been building a business plan to start a real estate investment company for the past few months, i have been doing my due diligence in just about every aspect of the real estate industry as well. I believe that...
Alain Perez-Majul
Land Contract deal in Indianapolis
Hey guys!Wanted to share my experience with a recent land contract deal I finished late last year, for anyone that might care to read and could maybe pick something up from it. It was my very first, and although defin...