Gregory Serrano
Building an ADU/ House Hack, When You Have Poor Credit/Low Income
My friend Ted will receive a house as his uncle is passing away soon. The house is in North Hollywood Los Angeles County with a $525k reverse mortgage, property valued at $950k. Ted has poor income and 670 FICO and wi...
Sammy Brooks
Pondering sale of 1st rental property for newer properties
Hi All,
We recently took a family property and converted into a rental. I am now having some second thoughts, after discussing with a local investor. I'd like to hear some seasoned opinions if possible, since I'm sti...
Joseph Glazer
Foreclosure - Second Mortgage
Just trying to make sure I understand the mechanics of a foreclosure auction when the holder of the 2nd mortgage is the one foreclosing. Assume the following facts - 1st mortgage with $150K principal remaining and a 2...
Jennifer Pletcher
Tax Sale
Hello! I have a question. My husband and I are thinking of attending a tax sale of properties at the end of Sept. WE have never been to one. Anyone have any advice? Does it come with a lot of risk? Is it a biddi...
Jesse Carter
Primary Residence Condo Profit
I currently own and live in a paid off condo in Knoxville TN Bought in 2015 for 87k and it is now worth 300k.Planning on selling it within the next few months since I would not owe any tax on the profit from the sale...
Account Closed
Property Owner here Needs Help BAD
Hello,Any advice will help. I am a homeowner in Michigan who currently resides in my single family dwelling. This is the only property that I currently own. I have terrible credit. Also, I am currently self-employed w...
Brian Junkert
endangered property
I have a property in Alaska, that I am behind on taxes on, not yet to the point of tax foreclosure, but no way to pay the taxxes in the forseeable future. My mother is behind on payments buying the adjacent property. ...
Mike H.
1st Post - income tax rental house/s depreciation
Hi BP!First post here. I'm a long time lurker. This community is really cool. My background... I grew up in Gainesville, FL. I worked my way through college and realized with my income I could buy a house. I boug...
Chris C.
1031 exchange residential land to investment property
I purchased a piece of residential land on 2021-01-27 to build on and eventually be a rental property. I'd like to sell it and purchase a built property and have that be the rental property. I will sell the land for m...
Bjorn Ahlblad
Recant Purchase of some property neighboring our PR
Investment Info:
Other buy & hold investment in Shelton.
Purchase price: $75,000
Cash invested: $75,000
Beautiful undeveloped land, some meadow, some timber, a bit of wetland; the property abuts ...