Hina Anis
Floating or Fixed Rate
Need some Advice- Looking at todays rates whats the better way to go?5 homes as collateral 8% for 5 years balloon for 20 yearsor 3 year floating capped at 7.5%-5% for 25 years. Asking for 6 properties as collateral?Th...
Russell Woodbridge
House Hacking Requirements
I live and work overseas and do not own a primary residence in the US. I have 3 SFRs in NC rented out with prop manager. I am looking to house hack legally and buy a place near my parents and use it on and off for one...
John Malone
Clearing Up Confusion: A Common Question on STR and REPS
We hear many real estate investors assuming that their new portfolio of STRs is setting them up nicely for Real Estate Professional Status and thus will help convert their portfolio of long term rentals to nonpassive....
Account Closed
How do Sheriff auctions work? Are you allowed a contingency period?
Hello,
I work in investments but have never purchased a property directly through an auction of any kind. For Sheriff auctions, I have been told there is no contingency period and that the purchase is final. Is that ...
Eric Bailyn
Gifting Single Family Residence to Son: Any tax implications?
Hi Everyone!
My mother would like to gift her $850K house (100% owned; no loan) to my wife & me. At the same time, my wife & I would sell our $1.5M house ($1.4M is equity), and use the proceeds to 1) transfer...
Alex Sabio
Cash out to Reinvest?
I bought a home in Durham, NC in 2006 for 130K. It is 2018 and the house is currently appraising for 190K and I owe 80K with 18 years left at 4.5% interest. The property has been great, same tenant for 12 + years and ...
Souji Kumar
Need advice on property analysis
Hello all, I am looking at a property in Fairburn Ga, 115k, 1175 sq feet, renting for 1095, 2001 builtProperty taxes 750Vacancy 5%Maintenance 5%Leasing 800 per yearWill do conventional financing with 20% down will cas...
Cirilo Favela
BRRRR taking title under Llc or personal name and refinancing?
I own some property and I am having trouble doing the BRRRR strategy due to owning them under a Llc I have heard of others taking title under personal name and then once they refinance quit claim deed property to Llc ...
Sharon Vornholt
The Positive Aspects Of Blogging For Bigger Pockets
For anyone that has been wondering about the postive benefits of blogging for BiggerPockets or hanging out on this site, I wanted to tell you just how valuable it can be for you and your business.
My first "AHA" mom...
Gerard Grigsby
New Member from Mount Rainier, MD
Hey, folks! I just wanted to introduce myself. I'm self-employed and living in Maryland (right outside DC). For the past 6 months, I've been feeling the itch to buy a home, but I recently discovered my dreams of home-...