Account Closed
Do rents ever DECREASE by more than 10%?
For reasons outside of a major employer shutting down in town?
If so, what were the circumstances?
How much did rents drop by?
Thanks!
Craig Desnoyers
PMI with a lower interest rate or no PMI and a higher rate
Hey everyone, This week I signed my first contrast for a duplex and went to two different lenders in my area for pre-approvals. My question is which loan is better in the long run. I am purchasing the property at 125k...
Shia G.
small development project
Hello everyone, I am new here on bigger pockets and I apologize if this has already been discdiscussed on the forum. would anyone be able to tel me whats the minimum buildable sf it make sense to do a ground up develo...
Matthew Rembish
House Flipping behind graveyard
So we’re looking for our 4th property to flip this year and we came across a great opportunity, however, there’s one problem. It’s located right behind a graveyard...
It’s got a 6’ fence along the entire rear that ba...
Robert Rainey
Homestead exemption back taxes
Hi all. I have a situation I've never seen before so I need some help. I have a deal that I wanted to keep for a rental because of the location. I have it under contract for $160k and it's worth about $350k. However I...
Derp Gurp
Regarding depreciation and tax credits - Question
Hello everyone.I've been scouring the internet for a while and I can't seem to come by depreciation. What an accountant has told me is that depreciation can stack year over year if you have excess leftover. For exampl...
Ryan Thomson
Is House Hacking Still Worth It?
It has become increasingly difficult to cash flow with house hacking. Despite this fact, the return on your investment (ROI) is incredible enough that it still warrants exploring buying real estate with the house hack...
Tyler Solomon
Under-rated STR Markets?
BP STR community - what under the radar markets have caught your eye over the last few months? The Gulf Shores market seems to be relatively stable while recently "hotter" markets such as here in Austin have seen a dr...
Gabe K.
Loan Mod: what terms would you use here?
I own this paper and the borrower made a solid offer to start paying $6000 up front and $700/month. He has a 6-figure income and can afford it. Here are the other numbers:MV = $50k and decliningUPB + arrears = $211k...
David Mirza
bad experience with Hubzu
I had a bad experience with Hubzu and just wanted to write about it for anybody else wondering how this site works. I had my backup offer approved for a property listed on hubzu on 11/12. I then went to the propert...