My primary residence will be paid off in less than two years. At that time, I am going to purchase another primary and rent out my current one. The house will need new windows and a roof within the next five years, ...
Hello BP Community!I am new to landlording here, I just received my first request from a traveling nurse for housing through Furnished Finders- the request is for a fully furnished house, utilities included for month...
I'm under contract on a turnkey rental property. The inspection report is at the link below. The seller has offered to fix most or all of the issues. This is in a B neighborhood.What to you see as potential red flags?...
Hi everyone,I have a few questions about moving in a tenant. I have my first tenant moving in tomorrow, and have compiled a folder of documents to take with to the lease signing, and was wondering if you guys had any ...
Hey everyone, had a debate with someone recently and I wanted to verify with all of you. I was told you have to pay capital gains tax on your primary residence and that you can only do a one time tax break to avoid i...
This is a stupid question but do you count things like cars, jewelry, watches, etc. towards net worth
Hi BP Folks!My search skills must be weak and I apologize in advance for not being able to locate the answer to my question. I am trying to find out what capital improvements go in which bucket for cost segregation d...
I’m in the middle of buying my first Singe family home in Texas. I got it at $82k (listed at $84,900) , but the home inspection came back with several deficiencies. For example all windows don’t open (all windows ha...
I live in Minneapolis and am looking to house hack for my 1st property ever! My concern is, if I buy a duplex 1)am I required to allow usage of a garage on one side and 2) in the case a tenant leaves without removing ...
Location - Spring, TX
Built in 1977, 3/2, approx 1500 sqft
Contract Price - $120k
Locked-in Mortgage Rate - 3.5%
Total Monthly Rent - $1450
- Comes with Section 8 Tenant (Mom & 3 kids)
- Buyer pays title ins...