Aloha BP, I've read that lenders require at least 2 years of collecting rental income before it can be considered income but does this 2 year clock start for each investment property or only for the first one? For exa...
Is it possible to start real estate investing in college? Besides being able to afford the down payment of 3.5% with an FHA loan, can you even qualify? Will lenders qualify someone who is making less monthly than the ...
Hi BP,I'm deciding whether to rehab and resale or rehab and hold for rental. Here are the details:Single family, Purchase price $25kRehab costs $23kARV $75kEstimated profit for flip is $10k (13.5% of ARV), or monthly ...
Interest rates and high purchase prices are pushing a lot of people away from buying. Most are turning to renting, but is that the best move right now? Will House Hacking prove to be better than Renting over the span ...
I'm looking for different options on investing about 250K from my SDIRA, it can be long or short term but don't want anything to risky.Thanks!
Hi everyone,I'm considering making an offer on my first property. I'd love to get the advice and wisdom of the BP community on this deal. What have I missed??The property is a 4-plex in a nice family/community oriente...
hello BP. I would like to know opinions about what's a good percentage to shoot for in regards to rent rates compared to purchase price (i.e. 2 percent rule) in the Houston area. Thanks!
Will the cost of agent fees, listing, closing cost etc make it a pointless excercise.It’s a fully paid 270k condo that generates 1750$/month and has a 500$ association fee. great neighborhood around losing park in Min...
I just had the privilege of going through my first tax audit and fortunately came out with a no change. However, I wanted to take a second to remind any investors who are still gainfully employed, and self manage thei...
I just bought a new primary house and having a hard time deciding on what to do with my old house. Old has could bring enough to almost pay off new house if I sold it. Pretty sure I could rent it for $2750 and mortgag...