Hello, I am planning on getting my first rental property. My condo is worth $81K. I have $21K mortgage on it. It is my primary residence. I was planning on paying it off and save up a down payment, closing cost, 6 mon...
Has anyone ever purchased a lien put on a property by a utility? (Electric, lets say) What document is used to record the sale of the lien? Anything else to consider?
Assuming one has 3 properties, each worth @ 1 million each, with a mortgage of 400k each. 1 building is fairly new, and 2 are older buildings. What kind of cash reserves would a typical bank want you to keep? Espec...
Does a borrower have a capital gain tax burden as a result of a short sale?
Hello all, I want to know what are you all doing in regards to showing income through LLC. I have all my properties using loan so they are in personal name except 1 which is under my LLC because i paid cash for it. It...
I am doing flips, rentals, and turnkeys in philly. Was wondering what other features investors currently look for in turnkey investments except for the standard returns?
Hello,I found this link to this short term rental calculator: https://www.biggerpockets.com/blog/wp-content/uploads/2021/06/STR-Calculator-V2-Locked-.xlsx
It is very helpful and appears to be a useful evaluation tool...
We are looking at a property that we do not intend to occupy that sits on just over 7 acres and has 2 homes. We would like to use the buildings as STRs. We are running into issues with finding a lender because it is o...
Hello everyone. I live in Austin, TX. I am planning to buy a single family home to live in somewhere in the next 6 to 12 months. I am a 1099 employee with a good wage and would-be a first time buyer. Unfortunately, t...
looking to further educate myself in the real estate world and begin my flipping career. I'm a railroader at nite and small handyman maintenance owner by day. @ 1st look maintenance service. I am looking for other in...