Hey all, looking forward to beginning my journey in RE, learn from this great community, and to pay it forward!

My tenant was paying 2200 and my mortgage was 2700 per month.

Seller i hesitating to pay Capital gain tax as a lump sum payment. 

Here in Denver, it makes so much sense to add that room or just pay a little extra for a 5br house up front. 

Requiring renter's insurance (separate from your property insurance) is also very important since they typically would not have the cash reserves to pay for a major damage such as water damage, ruined floors, fire/smoke damage, and you will be sued by 3rd parties if something happens to them while at the house if they have to go to the ER. 

This ensures you’re not being overcharged or paying for unnecessary work. 

@Michael LindeYou will need to get educated on it - start by going over to the tax lien and mortgage note forum here on BP and watch some videos on YouTube.Full disclosure - unless you have a few hundred grand to invest notes probably not what you’re gonna be looking for.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

Other STR related expenses such as electricity and gas are generally more investor friendly and bonus no sales tax in Oregon.- Distinguishably & Scarcity: One challenge (and opportunity) of investing in Oregon is healthy and happy properties.

However, we have discovered that this may result in unfavorable tax implications for us in Europe.