Account Closed
How To Retire Early on Real Estate with a Solo 401(k) or SDIRA or Pension
25 March 2024 | 1 reply
If you are in the corporate world and are tired of having to go into the office or having zoom calls in your underwear with a nice shirt and tie on or if your are self employed, what are your options for retiring earl...
Eli Moore
Advice on repairing basement and potential structural issues
26 March 2024 | 23 replies
I've read about renovation loans, like the FHA 203(k), but haven't found lenders that offer it.
Joseff Stevenson
House Hacking? - Property Manager with $200k+ in Student Loan Debt
26 March 2024 | 22 replies
I also went down the 203(k) rabbit hole last night and from what I can tell, they will allow you to claim 75% of anticipated rental income but that information was just from a Google search. 400 to 500k does not get you much around here unfortunately.
David C.
How to fund a solo 401k with rental properties
26 March 2024 | 9 replies
There's a lot of noise in this thread, hopefully this will help clarify...First, when we're talking about contributions to a Solo 401(k), we need earned income.
Javan Jackson
Does building a Duplex or Triplex to house hack make sense?
25 March 2024 | 8 replies
It will likely be easier to do the FHA 203(k) loan on an existing structure.
Patrick Forelli
Investment property without it affecting DTI
25 March 2024 | 5 replies
Hello BP community.I currently make 125 k a year and I own 1 property that is performing well as an STR.I dont have the upfront cash to purchase another for a down payment but my parents are interested in financing my down payment with a 5% interest rate.
Allen Chandler
2nd Home or Wait? (interest rates)
25 March 2024 | 9 replies
We can get a second home without putting anything down (VA loan), move into the school district we want and a much nicer home for our growing family:Current home (want to rent this out):One of the largest lots in the area 1/100 lots in an area with 1000's of properties that has navigable water which is our water, at 2.75%, 280k remaining $1650/month, rents $3000 mom will be lending 25k over 5 years at $500/mo payments, and we will use a property manager $300/mo = rental take home of $550/mo incomenew home (hypothetical estimates):$550k @ 7%, paying ~$3300/moWe will have a period of 9 months starting Dec 2024 where we would be at about -$100 where our older daughter goes to pre-k for $1150/mo and infant is in daycare for $1650/mo.
Prasanna K.
MLS access, scheduling and visiting homes without an agent license
24 March 2024 | 6 replies
@Prasanna K.
Benjamin Sulka
House Hack Numbers Not Working (after I move out in 12 months)
26 March 2024 | 39 replies
Quote from @Michael K Gallagher: @Benjamin Sulka If i'm understanding you correctly, you are not liking the numbers of a duplex after you move out and have to rent both sides.I obviously don't know your numbers or what you are accounting for but if the building is generally newer and in better condition it is ok to dial back the capex and repairs budget in my mind.Additionally we pulled the trigger on our house hack really without considering what would happen when we left.
Account Closed
Home sellers would no longer be forced to pay up to 6 percent commission to agents
25 March 2024 | 214 replies
Quote from @Steve K.: Quote from @Mark Cotter: Quote from @Steve K.: Quote from @Mark Cotter: Quote from @Nathan Gesner: Quote from @Mark Cotter: ...the US has the highest cost in the world for buying and selling RE, and it's not even close.From what I've read, Australian agents charge 1-3% and the buyer's agent charges 1-3%, which is very similar to our model.