Tyler Prosser
Combining Section 121 and 1031
Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...
Nadine Kwiatkowski
Fannie Mae Homepath Negotiation Question
Hi all, First time home buyer with a question on Fannie Homepath purchases. I recently put an offer on a home that had a recent price adjustment. I still felt it was priced too high compared to similar houses in the a...
Tyler Lingle
Did you use a lawyer to set up your LLC?
Hey guys, I personally set up my partner and I's LLC online in about 30 minutes, without the use of a lawyer. However, I'm not sure how robust our operating agreement is. My question is, do you recommend using a lawye...
Paul Bogard
House hacking in Philadelphia
Hey guys, was considering house hacking here in Philadelphia - Pennsylvania.
Got approved for a mortgage, found a local real estate agent and started visits.
The best way to cash-flow here seems to rent out bedroom...
Jevani P. Barron
Wholesaling Advice Needed: Navigating Buyer Recommendations
Hi BP community,
I’m relatively new to wholesaling and currently have two properties under contract with the owner. Both properties are located on the east side of Houston and present solid investment opportunities. ...
Adam Sherritt
Should you include price with LOI's (Letter of Intent)?
Hey guys, I am about to send out a Letter of Intent to a few buildings in the area and was wondering if you could give me some advice. I created the following Letter of Interest (LOI) to send to roughly 10 buildings w...
John Umphress
Looking for buy-and-hold MF in midwest or southeast
Howdy! Been lurking here for a while to pick up some data/observations on different markets. In the process of selling a commercial property here in Austin and looking for replacement property. (Austin has become a...
Brett Riemensnider
Buying first Duplex!
I’m looking to buy my first duplex here this week hopefully but am struggling to find the numbers I need. I’m not sure if I’m just second guessing myself but I feel that this is too good to be true. For the vets here,...
Charles Evans
New House Hacker
Hey guys,This is an update on my first post about a house hacking opportunity I'm settling on! So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a ...
Mary B.
SAY GOOD-BYE TO HUD-1
Greetings BP,I'm not giving any advice here, legal or otherwise, just sharing a reminder / FYI as October 3rd rapidly approaches, which is when the new TILA-RESPA amendments goes into effect. I've included a few links...