Bob Grant
Avoiding Gift Tax
Hello BP Community,My father-in-law would like to gift my wife and I his cabin. He doesn't care what we do with it (keep it and enjoy it or sell it). He owes on his mortgage about half the value of the cabin. We wo...
Joshua D.
when to use my own saved Funds and cash VS Mortgage/credit line
So i have a couple properties i payed for with cash out of my own savings and another i payed for with a primary residence line of credit. What are the advantages of using your own cash or going to bank and having lin...
Michael Greenberg
Is it time to sell this VR?
One of my HOA's in Arizona is proposing a drastic change to the CC&R's and has put this out to vote of the community. In order for it to pass, it would require a 2/3 consent of the neighborhood. It will be toug...
Ursula B.
Question on Fannie Mae Counteroffer
Hoping anyone that has bought from Fannie Mae can help on this. Just got a counter from Fannie Mae, and we are $4K apart. They are $2K down from list price. Since there were multiple offers and I have a financing ...
Aditya Namjoshi
Austin Vs Suburbs (RR, Leander, Cedar park, Pfuglerville)
I am new to BP and looking to buy my first investment property in Austin. Currently I have 1 investment property in San Diego and few in Pontiac Michigan. I am confused between main Austin Vs suburbs like Round Rock, ...
Lamontis Gardner
Long Distance Investing
I’m living in Atlanta right now and don’t know if it’s the best place to buy a property right now (Especially my first). How are you guys determining what markets you invest in? What are you looking for specifically? ...
Joshua Burke
Possible Slip and Fall Claim
We've had a brutal winter in Chicago this year! Lots of snow and ice.
So a tenant in one of our building's rents an illegal basement apartment. We bought the building in Oct and inherited the tenant - I didn'...
Melissa Robbins
Need feedback/advice on challenged MTR in Denver
Hello BP friends! I'm having a harder time than I thought renting out rooms in my Denver mid-term rental and thought I would ask the BP crowd for feedback. I'd love to hear thoughts from other Colorado MTR owners who ...
April VanCleve
How much is enough?
My question... how do you all know how much reserves is enough?? What is "safe" or responsible to start? I've read 6 months reserves on all fronts, but I've also read people "making it" with zilch to their name. Do yo...
Rahnesha White
Quick claim deed- voids lender/owner title insurance?? Due on sale??
Hello, question... is it true that if I quick claim deed a property to an LLC that the lender TITLE insurance/ owner TITLE insurance policy will no longer be valid. I keep hearing different things I heard that the len...