Michael Lynch
HELOC In 3rd Lien Position Question
4 January 2025 | 5 replies
I applied for a HELOC and when they ran the title it came up that the 8k grant is actually a second "soft" lien against my property that will go away after 5 years which prevents this bank from allowing me to have a HELOC.
David Martoyan
Profit Through Adaptability
5 January 2025 | 4 replies
Might not apply to what you're seeing as I am 100% focused in the Atlanta Metro.1.
Federico Dallo
Seeking Advice on Property Investment for Renting - Budget of 300K
26 December 2024 | 10 replies
Most foreign buyers are high net worth individuals who want to park their money there in a safe haven and they don't need BP.No restrictions apply to American buyers in the countries they'd generally want to buy, including those mentioned by Federico and many other popular countries.When it comes to Spain specifically, some more conservative banks will ask you for a 40% downpayment (that would be the maximum) but that isn't the rule.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
17 January 2025 | 27 replies
Unfortunately, your only option is to apply to get it re-zoned.
Lauren Merendino
Pre retirement Strategy
18 January 2025 | 10 replies
While this may not apply to you, but with my CFO clients, the first thing I recommend when looking to invest, is to first look at a city/market where you either 1) currently or have previously lived, 2) have family/friends that live there, or 3) travel to for work or vacation frequently.Are there any markets that come to mind?
Jeanette Land
Have 1 duplex and living in SF home. What to do next?
28 December 2024 | 5 replies
If you do not have an FHA mortgage then go ahead and apply for one on the investment property.
Kris Lou
Canadian Investing in Indianapolis
7 January 2025 | 9 replies
@Kris Lou Be careful with agents as 95%+ of them really only know how to handle owner-occupied transactions.We don't do biz in Indianapolis, so this is unbiased info we hope you find useful:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
David Woodside
500 hour rule - material participation
15 January 2025 | 12 replies
Unlike the 750-hour rule, this applies to determining whether you materially participate in a particular property or activity to make it a non-passive income source.
Rene Hosman
Join the list and be the first to find out when registration opens for BPCON2025!
27 December 2024 | 1 reply
♦How can I apply to speak at BPCON2025?
Julio Gonzalez
Cost Segregation Study Approaches Explained
31 December 2024 | 0 replies
The costs are taken from the model and applied on a percentage basis.