Donna Rishel
Why the New Rule on Ability to Repay Can Help the Manufactured Housing Industry
The Ability to Repay Rule issued by the CFPB caps the maximum ratio at 43%.
Given that in most parts of the country it costs $75-$85 per square foot to build a site built SFR (sans land) a 1,200 square foot h...
Aleko Petkov
Section 8 California
Hi
I have a S8 tenant on a month-to-month lease, who is not keeping up with her portion of the rent. After a year of partial and late payments, and several promises to catch up, my patience is up. She is now ...
Hunter Hughes
Property Appears Residential But Is Zoned Commercial
Hello Forum,I am currently working on a deal for a Colorado property that by most common sense would appear to be residential. It has 26 units (Apartments & Trailers) on the 1.68 acre lot. However, the MLS indicat...
Cameron Brulotte
Owner Finance
I would like to buy a house/rental unit via this option!If I don't have much of a down payment, but I have someWould this be a good way to get started?
David Gauthier
Refi
I have a rental property with a $1013 mort. payment. It includes ins and taxes.I rent the property for $1050. I owe 114K on the 145K mortgage.If I refi I can drop the mortgage to under $800 month. It seems like a g...
Account Closed
Improve Credit, Or Start Investing?
Hello all! First post here!I'm based in Canada, 31 years old and currently working as a Commercial Real Estate broker. Love the industry and now want to start building my "empire" of residential investment properties....
Jared Schofield
Beginner trying to get started
I’m wanting to get started in real estate. I’ve found a duplex in my area that I would like to house hack. Its the closest me to my budget. But it would not cashflow. It would on the other hand cut my living expenses ...
Felipe Guerra
Capital Gain Taxes -San Diego CA
Hello BP panel,I have a question about capital gain taxes -I recently sold my (3) multifamily properties, netting me about $500-$800k.I started with the intention of conducting a 1031 exchange (still ongoing with escr...
Matt Foster
How risky are 1031 exchanges?
I understand the long term plan on 1031 exchanges are essentially defer, defer, defer, die. But what happens if you defer, defer, hiccup. Let's say you're on the 3rd or 4th exchange and for one reason or another the...
Jackson Smith
[Calc Review] Help me analyze this deal
Hi there, I am beginning to analyze deals in my area (Austin, TX) using the Biggerpockets rental calculator. After going through a couple analysis practice reports, I keep finding myself in the red (between $300-$600 ...