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Results (10,000+)
Brody Veilleux Managing multiple bank accounts and accounting for them
9 November 2024 | 9 replies
I have a savings and checking account for my llc, and each property, all under the same banking app.
Sarah Danielle Allmond Will a Property Management Company boost revenue/profit for my highly seasonal STR?
6 November 2024 | 10 replies
I purchased this home with the intent to retire here but I no longer wish to do that.
Sara Robin How can I get a mortgage loan without a current income?
6 November 2024 | 9 replies
If you are retirement age, you can do asset based withdraws from "work related funds" (IRAs/401ks...).
Jose Quinones Analysis Paralysis Help: Househacking with my VA or a line of credit?
7 November 2024 | 6 replies
Torn between using my VA loan or use my investment property below to help fund my deal.Been losing deals left and right due to the owner occupied rule with VA.I have about 30k in savings, 30k retirement fund, no debt, low expenses (living with parents until find a place)I Own (under my name) a 5 unit mixed use building (4 residential, 1 commercial) fully occupied.
Carter Jarvis 1099 financing and FHA house hacking
11 November 2024 | 4 replies
Your strategy with an FHA house hack is to live there for a year and then cash out refi into a conventional with the appreciation and do it again with an FHA on a new one.Keep saving and earning and meet real-life investors.
Dan Ashley Brooklyn, NY – am I crazy to start here?
9 November 2024 | 23 replies
I have great credit, killer salary, and a bunch saved up but still can't afford a 20% down payment on anything over 600k. 
Marshall Smith Loan type for 4 plex purchase and rehab???
13 November 2024 | 13 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).
David Cherkowsky Do I need a partnership LLC to depreciate and write off expenses on a rental property
17 November 2024 | 30 replies
Appreciate you helping me save a few hundred bucks and headache in creating it.
Joseph R. First time getting into real estate. Never owned a home.
10 November 2024 | 9 replies
Joseph,Bigger Pockets is the best site on the internet to build a newtork and get all the hlep you need to avoid mistakes and save money! 
Mary Jay Fix and flip/construction loans
8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?