Andrew McGuire
I'm Buying Negative Equity Properties and I'm Excited About It
31 May 2024 | 149 replies
But are short-lived, as in will take less than 2 quarters to rectify.
Spenser Finnestad
Close with tenets in house or not to close with tenets in house+
2 June 2024 | 6 replies
.- I go to military training on the 7th.I have a good lock on my interest rate and afraid of doing the mortgage application over again due to a slight decrease in my current job pay but will be going up again in a few months and I'll also be house hacking once I own and solely live in the house.
Ali S.
Need Opinions/Advice on my family and I's portfolio
1 June 2024 | 2 replies
The properties are either one street down from each other or are 2-4 buildings next door.Property #1 (Currently live in with my family and I)Purchase Date May 2021Mortgage Balance: $117,898Rate: 3.625%Mortgage payment including escrow: $870.51Purchase Price: $143,000Tax: $3,308Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $110 monthly includes Water and building insurance and other maintenance for the propertyProperty #2:Purchase Date:: April 2022Mortgage Balance: $135,756Rate: 4.625%Mortgage payment including escrow: $1,375 (payment normally $1,059 but payment increased due to low balance on escrow because of tax increases)Purchase Price: $148,000Tax: $4,578Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #3:Purchase Date:: February 2023Mortgage Balance: $118,518Rate: 5.99%Mortgage payment including escrow: $1,315 (taxes have gone up for this property as well)Purchase Price: $132,000Tax: $4,522Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,400 a month only water is included in rentProperty #4: (We were thinking of selling this and take profits but not sure to be honest)Purchase Date:: February 2024Mortgage Balance: $139,408Rate: 6.75%Mortgage payment including escrow: $1,332Purchase Price: $147,000Tax: $4,130Estimate to sell in today's market: $190,000- $210,000 based on current sales in the market this yearHOA: $100 monthly includes Water and building insurance and other maintenance for the propertyRent: $1,350 a month only water is included in rent
James Lauer
Township changed ordinance rules for Airbnb, HELP!
31 May 2024 | 31 replies
If someone decides to live there, that is their choice.
Mitra Afsharkhah
Live and Flip
28 May 2024 | 4 replies
Hello friends,Does anybody who had experience with Live and Flip consider that as a business for tax purposes?
Ian Dale Ibrado
house hacking to get in an expensive market
28 May 2024 | 10 replies
You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.
Reid Sealby
Renting out RVs/Campers as STR...
30 May 2024 | 8 replies
We live in Denver, so we're very curious how this kind of strategy would work in a place where EVERYBODY camps, gets outdoors, travels, etc.
Jim K.
GENERATIONAL WEALTH: Do you worry about your kids?
31 May 2024 | 111 replies
She lives at home now.
Gabrielle Pascua
Hello BiggerPockets! New PRO here
31 May 2024 | 8 replies
I'm looking into investing out of state since my island home is so expensive.