Hello everyone,I am in dire need of some guidance. Here are the logistics:Trying to acquire an owner-occupied 2-family using my FHA loan.Mortgage company rejected me because:My job is 2 hours from the propertyI work ...
I live in the San Francisco Bay Area. Being that I'm just starting out I'm feeling overwhelmed in the local market, I plan on looking to invest about 1.5 hours away in the Sacramento area. I have an upcoming trip and ...
I am looking into an option for financing properties I plan to rehab, refinance and hold/lease. I'm short on funds and trying to find if it makes sense to use my 401k to help fill some gaps on capital with the plan t...
Closing on my first househack. As is sale.There is a tenant in one unit, who's been there for 12 years. Tenant remodeled the unit, has good relationships with the owner(seller) but was cought off guard by the sale of ...
FIND THE PROPERTY
Section 1: Identifying Potential Flip Properties
One of the key challenges of flipping property is finding a property that has the potential to generate a profit. To identify potential flip proper...
There seems to be some conflicting information online regarding when 1099 forms are required for small landlords (see link below). Does anyone have a definitive answer on this? Would I need to issue a 1099 form to my ...
I am currently working to learn and do as much as possible ahead of me and the family moving to the Las Vegas area in the middle of next year. The goal is to purchase my first SFH investment in that area, using the B...
Good morning! It's 9am here in Lawton, OK. I'll make the lead up short and sweet. I was driving through town looking for a house I found on zillow to flip. I passed by a house across the street from a church and had a...
For my rental properties I maintain a home office. Should this deduction be taken on Schedule E along with my other rental expenses? I ask because Turbo Tax lists the home office deduction on Schedule C.
Hey BP! My name is Turner, and I'm a new investor that just moved to Arlington / the DC metro area. I'm mainly interested in investing using the BRRR strategy, as well as short term and vacation rentals. I currently h...