Hello Everyone,If my mother is to gift me $50k and I set up a payment plan to repay her, how does that work with taxes?  I had never heard of being taxed on a gift (silly me).  I was originally going to use the gift a...

I am currently interested in purchasing a flip in Houston, Tx, but currently live in Shreveport, La. I understand that FHA loan requirements state that you must be an owner occupant and that the house must be your pri...

About to close on a refi of our personal property. Saving $250/mo plus getting about $12k cash back in closing. Current vehicle payment is $398/mo with about 9000 left to pay (2.5% interest rate).Initial thought is go...

Ok note fans- here is one for you that I am curious to hear the response as I have received conflicting information from two MLO’s who many of us know and/or use:Converting a CFD originated pre-Dodd Frank to a traditi...

Hi everyone, I've been a longtime reader of BiggerPockets and reading everybody's amazing stories has really inspired me to reach financial freedom.I am 25 living in Indiana.I have been driving over the road saving fo...

Hey all,So if I'm understanding this aspect of the new tax law, the mortgage interest is only deductible on ACQUISITION debt for your primary residence... correct? Meaning if I get into a house with a higher interest ...

Hello BP Nation! I need a little advice from the knowledge of the collective. I'm doing the due diligence on a property that's going to foreclosure auction. I have tried contacting the owner multiple times, but she's ...

So many lenders want there to be a tenant with a lease in place for a refinance. A couple that I’ve talked  to will even penalize you on your interest if you do not have a tenant in place before refinance. Are lenders...

Hi,We are buying a couple of small multifamily buildings (both 5+ units) and the bank requires our physical presence to sign the Deed of Trust. Is there a way to avoid attending closing? The closing has been pushed ba...

Hello, What are your thoughts on the following structure below. I've also provided their Trailing 12 for your viewing pleasure as well. Based on absolute $0 negotiations and with 25% Down payment, the loan would be $1...