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Hello, just a little background, I just started looking into real estate investing not too long ago and am still very much in my research and learn as much as I can phase. So any help, advice, or guidance will be extr...
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Hi everyone, I am planning on making an offer on a multi-family property using the equity in my home. The home is paid off already. So, I wanted to know what would be the best way for me to take out money to pay for t...
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Hello, Bigger Pockets! I am a new investor looking for some advice. I currently own a single family home that was originally a duplex but was converted to a single family home in Minneapolis, MN. My fiance and I are w...
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We are considering replacing the flooring in a 1,000 sq ft town home. Is it better to use carpet or lament flooring?
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I live in california and have been speaking to my CPA about creating an LLC for purchasing property. He advised against in for properties in california because of the associated costs/tax with little extra benefit. I...
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Hello all,I am a homeowner looking to supplement my income by purchasing a second home, preferably a duplex, and renting it out. The only problem is I only have $15K saved. I am looking to purchase properties in the 5...
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Here is my scenario:- I sell my duplex which I owned for 7 years - I lived in the 2/3 portion and use the remaining 1/3 for rental all 7 years- Selling price 1 mil.- Am I correct that I can 1031 the 1/3 rental portion...
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...with a 2 year old llc (no rental income) and no primary? Just based on these 2 parameters.
Also, whats the chronology for turning a primary into a rental?
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Hi
Are service members/vets subject to gains tax where they purchased home with VA loan then rented it out for more than 2 out of the last 5 years?
Thx!
M
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Im going to househack a 2-4 unit SFR using an FHA loan. I am also trying to utilize the first-time home buyer down payment assistance program, but the site says they don't allow investment opportunities. If Im living ...