Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago,

User Stats

17
Posts
1
Votes
Stephon Mosby Williams
  • Rental Property Investor
  • Philadelphia, PA
1
Votes |
17
Posts

I’m stuck trying to buy my second triplex‼️

Stephon Mosby Williams
  • Rental Property Investor
  • Philadelphia, PA
Posted

Thanks in advance for any forthcoming help. So I bought my first home(triplex) last year. I used a conventional loan with 25% down. I live in one unit and rent out the other two. My mortgage is $1008 and I profit $352 each month not counting maintenance or management. Things have been going great and I’ve been trying to replicate my success with another triplex. I’ve been calling around to different banks looking for financing for my 2nd triplex and I’ve hit a hurdle. When I did my taxes for 2018 I wrote off my property updates which almost equaled my rental income. That made it look like I’m not making money on my property. I didn’t realize the future consequences of my tax actions when I initially did my taxes. Does anyone know of a way I can find financing without my property upgrades working against me when applying for the financing??

Loading replies...