John Jones
Section 121 Exemption
I want to start this post regardless of answers; I know I need to consult with an accountant. I am trying to understand the 121 exemption. My wife and I have owned our primary residence for over two years. We are abou...
Michael Chang
Is using home equity (from a starter home) to invest risky?
Hi BP community, I am a newbie in BP. A bit of background context: I have the downpayment saved for my starter home, and I would like to understand how you can go from the first property to buying second property. Is ...
Wayne Woodson
How to buy your second investment property while living in your first.
I bought my first property last year and am now looking to do a HELOC and buy my second investment property. I donlt have much equity and houses are expensive AF here in Nashville. My question is how do I buy my secon...
Marian Smith
Does a SF rental have to meet current code in Texas?
Texas Property Code states explicitly how many locks and fire alarms are required in rentals. But I don't see anything about bringing an older house up to code. Specifically, if the door from the garage to the ho...
Eli Gilbert
Number of Non related tenants !
In Ohio, is there a limited amount of non related tenants for a SFR?I want to consider student rentals and want to know if there is a limited amount of students I can put in a SFR if I can add bedrooms!?Thanks for any...
Cathy M.
Does word Realty in a business name get you in trouble?
I'm wanting to start an LLC. The name I picked out has the word realty in it. I am not a licensed realtor. People are telling me I would get in trouble with the state real estate commission if I use the word realty or...
Matt Pfefferlen
Buying Foreclosure (piecing together from BK filing)
I am a little confused on this, so i am wondering if anyone has seen this before. The notice of sale is out on a home I am interested in. From reading the BK filings, I am pretty sure there is only a first mortgage...
Ani Chat
Can a JADU be a new construction
I am trying to understand the rules of JADU a bit better. It says somewhere that JADU has to be within the structure of an existing house. Does it mean that I cannot build a JADU connected to me house that is outside ...
Robert Burns
Finding Wholesale Properties!
My son and I have been working hard to find wholesale properties so we can assign the contract to cash buyers. We have had some success but very sporadic. We have tried various marketing methods and our focus has be...
Cedric Farris
Investor Chains on REOs
Recently I have been receiving a lot of deals for REOs in my market passed on by Investors involved in "Daisy Chains", as some folks call them. I am wondering has anyone out there ever successfully dealt with an Inve...