Need some help please!Duplexes are very pricey in my market, so I am debating buying a single family home as my first purchase. My plan would be to live in the house for about a year and get a couple of roommates, the...
Hello BP fam. Situation: I'm a fairly newbie. 3 houses so far and this month is my 1st turnover. I have a tenant moving out this month on the 24th and already have a qualified applicant who placed a deposit to hold fo...
Hello Everyone. I'm relatively new to BP, but have been reading and researching non-stop since accidentally becoming a landlord a little while ago. That cash-flowing rental has fueled my inner desire to begin a buy ...
I purchased a new home for my family and I to live in. After being in the home for a short period we started to have lots of ac issues. Come to find the investor that owned this home before me installed a 3 ton unit o...
I am thinking about putting in an electrical hookup and renting out my empty lake lot to people who would like to pull up their own campers or just camp in tents. This would be like a STR without the home to stay in. ...
Society is becoming increasingly dependent on credit to make purchases and financial decisions. A good credit score is used for more than just getting a credit card or a loan. Due to people extending themselves beyo...
If I have a cash flow negative rental, how do I claim the loss in my taxes?I am currently in the midst of purchasing my first condo in Queens, NY. This is a new construction, and I signed purchase agreement back in Ap...
Hey everyone! I have a situation that I would like some input in. I currently have my eyes on a 44k turnkey rental that rents out a $675 a month with tenants in place. The problem I'm facing is finding the right finan...
Life Insurance cash-value can be a tremendous way to build generational wealth through their infinite banking concept. I always recommend getting a high-value whole life policy that let's you accumulate cash-value whi...
tl;dr question: Use 3.5% FHA for second home, or use HELOC to put down higher DP?Quick Background:I own a 2 family home in the Bronx with finished basement that I bought with FHA 3.5% down in 2013, and have been hous...