Meg Hoff
Short Sale of Rental Property
I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
Wesley Appleget
Collecting rent through LLC while claiming depreciation personall
Hi Everyone, I just bought my primary residence and am planning on renting it out. I am the sole proprietor of my LLC and would like to be able to collect rent money through my LLC so that it is profitable and I can u...
Shanna Chen
Re using VA Loan after 2 years
Purchased my home in Hawthorne using a VA loan in Aug 2020 and now I’m renting out the home for $4000. Breaking even and not pocketing anything after HOA and insurance. My second home I purchased with a conventional l...
Matthew Cater
House Hacking Questions
Some general questions about house hacking:
1. Tax question- If a person purchases home 1 as an owner-occupied personal residence house hack and then moves out the next year and purchases another owner-occupied resid...
Qi Ming Chen
Using 1031 exchange proceed for partnership
Does anyone know if it's ok to do a 1031 exchange and use the money to jointly buy property with somebody else or does the owner have to be the same person and no one else?
Zac Gryb
General Columbus, OH SFR Questions
I am new to the Columbus market and am interested in expanding my portfolio. I am trying to get a better sense the market nuances compared to others I have purchased in. The following are my questions about this marke...
Robert Hasty
This Old House
Current situation,Wife's mother renting Wife's home. I'm not on deed as we met and married after her purchase. Mother in law has been renting Wife's recently renovated by us over 100 years old home for past few years....
Mike Dymski
How do you aggregate PM books with the stuff you pay for?
For those of you using outside PM, do you have a clean or automated solution for aggregating your PM books with the stuff you pay for yourself (insurance, taxes, mortgage payment, admin costs, materials, travel, etc)?...
Jared Fracker
Private Money Lending? What's the norm?
Hi there I am getting ready to do a deal in Northern Kentucky/ Cincinnati OH, and I have finally figured out how to get pre-approved conventionally, I am moving out of my primary residence (and turning it into a shor...
Michael Morrongiello
Going to imminent TRUSTEE SALE (CA)
Situation: Owner Occupied SFH - Home is in FORECLOSURE - NOD filed months ago, NTS -Notice of Trustee sale filed a few months ago as well.; The property is scheduled to go to sale in a few days (thus its within 5 days...