Thomas Handy
It's July 1, what have you done lately?
I don't have much to post since I'm in the middle of moving from Louisiana to Kansas. I met with a few property managers and contractors last month on two homes that I closed. One thing to remember is to keep your s...
Danika Jeanton
How to get started with high DTI
Hi everyone, I’ve been trying to figure out how it’s possible to get financing for a first investment property when I already have my primary residence and it eats up my available DTI (I bought it before knowing anyth...
Tim Sipowicz
Primary residence as your first rental property
I’ve been told twice now that using my primary residence as my first rental property would be a good move. I’ve thought about it and I’m starting to agree, I would just like some feedback on the approach I want to tak...
Slaiman Atayee
2nd Residence rules for condo/hotel unit
Hello!
I'm writing to see if anyone has experience with trying to get a mortage for a second residence (vs. an investment property) for a condo/hotel unit? I have one in mind but a friend of mine is telling me you ha...
Carrie Smith
Mortgage plus Cash-Out for Down payment, or just pay cash?
Theoretical scenario: If I can get 180,000 out of my house for a cash-out refinance to purchase another property, should I pay cash in full for the 2nd property and have the cash-out refi on my primary residence? ORSh...
Tyson Scheutze
SFR For Rent
Creating standards to get rid of bleeding heart syndrome…
As we continued to work through our renovation standards, we began to define our leasing standards. It was a very analog process, but, luckily, Natalie loved ...
Chase Metzger
Starting a Real Estate Portfolio
First I'm very thankful for any helpful advice. Location: Omaha, NEMy wife of 5 years and I have 3 young children and have lived in our mortgaged home for 4 years. We have a FHA loan and put down 3.5%. We purchased ...
Gaylene Rogers lonergan
Only in Texas: Homestead Protections
If you reside in Texas, homestead protection is built into the Texas Constitution. It allows you to maintain your home free from the possibility of seizure by certain creditors. This protects Texas citizens from havin...
Felix Ngatunyi
New REI looking to get into Small Multifamily
Hello All, My name is Felix and I am new to BP Pro. I currently reside in Phoenix in the Arcadia area and am looking to learn more and get into small multifamily real estate. While I currently do not own any propertie...
Ryan Dossey
Should I put my personal residence inside my llc?
Within the next few months I will be purchasing a 4plex to owner occupy. My business partner and I have 2 properties in our llc currently. The pros would be cheaper insurance and anonymity from my tenants. What would ...