All Forum Posts by: Brady Ascheman

Hi everyone, my partner and I recently bought a lake cabin in the beginning of December and have started rehab on the property. We have a lot of expenses in December but have not had a guest stay at the cabin yet. Since we have not actually used air bnb yet and had a guest stay our tax advisor is telling us that we cannot write off the expenses because we don't have proof our intent with this property is investment. I am curious if anyone else has some insight on this.

Hi everyone, my partner and I recently bought a lake cabin to turn into a short-term rental and use on air bnb. We are trying to invest as passively as possible without using a property manager. We are trying to find a keyless entry door lock that you can automate to change the passcode whenever a guest checks out and also automatically send the new code to the next guest a few days prior to their check in. The only catch with our situation is the only entry to the cabin is a sliding glass door. The width between the wood border and the glass is only 2.5 in so this has to be a very skinny lock. If anyone has any ideas this would be much appreciated! Thanks.

Hi everyone,

I was just curious if somebody has a better way to find comparable properties online for free other than Zillow or realtor? After a property is sold on Zillow I can't look at the picture's of anything on the inside if anyone has a better option that would be much appreciated!

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I am currently trying to analyze this foreclosure I am planning on putting an offer on. I wanted some feedback on what everyone thinks of this deal. 

@Doug Pretorius Thanks for your comment Doug. Was just curious when you take over the payments and you bring in the person to the bank. Will the bank get all your info look at your DTI and all other requirements of you before they allow you to take over payments?

Hi everyone, I was wondering for the investors on here that invest in foreclosed houses. First, how do you go about finding your foreclosed home, what websites do you use? Second how do you go about buying the home? Are you usually able to see the inside before you buy? If anyone who invest in foreclosed homes would like to connect with me please do I would love to learn more about it.

Hey Jason I have thought about doing it that way. Only stipulation I have is then I would have to live in it for a while and some of the properties I’m looking at buying aren’t close enough to me to do that.

Hi everyone, I recently watched the BiggerPockets Podcast (300 Doors ALL Through Creative Financing w/ Pace Morby) I'm on my 5 time watching it trying to comprehend everything that Pace does. I was just curious if anyone on here has bought using section two and taken over the seller mortgage before. Some questions that come to mind. When you do this do you actually pay the bank the mortgage amount or is that still the responsibility of the seller of the home? If the case is that you pay directly to the bank wouldn't the bank find out every single time you did this and call due on sale? If the seller of the home still is the one that pays the mortgage and you just pay the seller then wouldn't you have to worry about the seller not paying the mortgage payments and then the bank would foreclose? Comments would be much appreciated if anyone has experience in this field please connect with me I would love to talk more personally with someone about this. Thanks so much 

Hi everyone I am new to real estate and my journey has hit its first road bump. In the last two months I have bought my first 2 houses. I am living in one while house hacking and have two roomates paying off my mortgage, taxes, and insurance, and the other is my first rental property. I was planning on using the BRRRR strategy and rehabbing my first rental property refinancing and then using that as my down payment on my 3 property. However, I went into the bank today to see about getting another loan and since the both of the properties I currently own haven't been in my possession for over two years they don't count the rent coming in as income so my debt to income ratio is to high to get a 3rd mortgage. Does anyone have some creative ideas on how to get over this speed bump?

Thanks Galen for your response, I am still a little confused however, when you do a cash-out refinance does the bank just wright you a check then? Is that how the whole thing works?