I am looking to purchase a vacation home that I plan on using as a short-term rental. I have done this once before, so know that I will need an investment loan vs a second home loan. It has been a few years so I wante...
I’m looking for input on where to go for a non-traditional mortgage for a primary residence. Traditional is a no go anyway what so ever due to dti. I’m selling my primary to move across the country.
Hi All - I'm pretty new to the BP community but I'm highly motivated to officially get started with REI via a 4 unit multi-family home. My current plan is to live in the downstairs 1B 1BA apartment, Airbnb two of the ...
I need to write off about 40,000 in real estate sales income. Does anyone have any tips for larger write-offs that I can take advantage of before the end of the year? I took the entire cost of a new truck last year an...
My partner and I currently live overseas exploring other interesting markets for real estate investment, predominantly in Europe. We'd like to learn more about whether this is smart financially from a tax perspective....
We are creating an new multi partner LLC for Flipping business(8 partners total, 2 partners will be active). We are looking at doing 2-3 Flips in first year. Is Flipping considered as active or passive like rental ? a...
Bank note for 22MM, bank is wanting to sell for 8MM. Has a negative cash flow right now.
398 Units, 1,2 and 3. New roofs in 2004. Updated units 1998 and 2003-04.
Rents are below market rents. Complex's nearby ha...
Disclaimer: this is a bit of a rant and a story for venting purposes. Professionally, I've been employed as a graphic artist and creative director for 20+ years. I was laid off in January 2017 so at this point, I coul...
I currently own 2 properties:1. Single family 3br 2b, no mortgage, $400k equity, generates $2,000 income monthly (long term tenants)2. Duplex 2br 1b (each unit), $270k mortgage, $15k equity, generates $1,800 income mo...
After re-reviewing past income statements and doing my budget forecasting for the year I was thrilled to see I hit 38% expenses against my 2014 Gross Income on one of my rentals. But after some research on getting a ...