Austin Suddreth
Primary home into rental
Hello everyone!I’m looking for some insight into my current situation. I purchased a primary residence in early 2019 slightly under market value due to it being outdated. Currently, I have updated the home with new LV...
Chris Kennedy
We love our home too much....
After countless hours/days/weeks......I've struggled with finding the approach that will best suit our situation/lifestyle. We have lived in our current home for the last 3 years (25 year ammor.) and we are nearly deb...
Dan Schalk
Buying property for In State tuition
Hey all,I am buying a house outside of Waco TX in my daughters name so she can get in state tuition. The plan was to buy a cheap house and sell it and carry the paper so I wouldn’t have the headache of being an out of...
Emma Chen
Please Advise How Newbie Start Out Based on My Situation
Hello all,
This is Emma greeting from San Diego, California. I recently graduated from my MBA program and currently work on the acquisitions team in a real estate company. I have been listening to the Bi...
Danny Morrell
Looking to start. Little cash on hand.
Hey all!I was hoping to get some insight... I've got about $10,000 on hand and would like to get my first rental. I recently purchased primary residence and I'm not sure if any of the low down payment options would be...
Robert Hamilton
Trying to pick best financing rout for 3rd rental
In this crazy time, I plan to pick up a 3rd SFH (under $180k probably) to make a long term rental here in St. Petersburg, FL.
I have $50k cash on hand that I can use for purchase, other $ for a small upgrade to make ...
Bryan Strain
Selling the home you live in for profit
So my girlfriend and I bought a house back in 2020 right when the Covid shut downs began. We were able to secure an FHA loan for 162,000. The house was on the market for 149,900, after negotiations we were able to pur...
Sean Williams
Does Lender Factor Rents into DTI Ratio on FHA House Hack?
I am awaiting a response from our lender, but figured it couldn't hurt to ask here...I have a client interested in a tri-plex where they would purchase it via FHA and live in it as a house hack...live in 1, rent out t...
Ron T.
SC Tax Disadvantage "Myth"
Hi all. This is my first time starting a discussion on BP after lurking for a while and listening to the podcasts for a couple years.Recently I have seen numerous posts, most recently by @Alex_Franks regarding the maj...
Nadeem Arshad
Apartment complex with mostly studios
Hello all,
I recently came up across a small apartment complex (4 buildings, total of 22 units) which would be part of a 1031 exchange from a previously sold retail plaza. The potential downside is that most of the...