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I purchased a home in 2006 during the peak of the housing bubble for about $500k. I re-modified the loan once in 2011 and putting $ in principal. It is at a stable 5.5% interest rate for 30 years. The home is rented ...
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I am familiar with the rule around the capital gains exclusion for your main home, in that you must live in the home for 2 of the last 5 years, but those years don't have to be consecutive nor do you need to currently...
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Hello everybody! Quick question, I have some body that is going to sell their home, Single Man 3 years living in the property as a primary. Bought it using an FHA Loan, What are the tax implications on this? When he s...
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Good afternoon, I have a question and hoping i can receive some guidance. I purchased a house with my ex-fiancé in 2022 from her family. I put in approximately $16,000 and she only provided $4,000. By 2023 the relatio...
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I'm listening to podcast #2 and the guest is sharing her first deal. She got it sub2 bit got the seller to pay her over $9,000. How's that work?
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A family member wants to sell me a property he owns free and clear for 20k that needs 25k in rehab. The ARV on the property is approximately 130k. He is also willing to owner finance at 0% interest, and $0 downpayment...
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Hello everyone ,
I recently purchased my first rental income 2 years ago. It has fortunately appreciated 43%. Rent is breaking even, due to high HOA fees.
I am wondering should sell or should I continue to hold.
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Hello everyone!
I’m a single family investor who has always paid cash for my investment properties. My typical formula has been to spend 10-20k on the house, another 10-15k in repairs, rent ...
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I am looking to rent out my old home I am in the process of fixing it up and getting it ready. I have no idea how to move forward after it is fixed up. I very much want to find a reliable long term tenant. Any TIPS t...
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I have a question in regards to us getting a property and doing it correctly. We are actually closing on it this week and were under impression that we cud put the house into our llc and rent from the llc. then potent...