Cody Marchant
FHA loan
Alright BP I need your help. So it seems that to acquire an FHA loan for my first investment property I need a job with a steady income but I'm in the process of getting my real estate license. So my question is if I'...
Stuart Johnson
How can I get tenants to sign a lease before construction begins?
So I have a duplex I really want to buy but the purchase price plus construction costs puts my loan above my limit based on my salary. Through FHA, my lender said I can use 75% of anticipated rental income as an incom...
Philip Bennett
Illegal immigrants as tenants
I have an applicant for a property in Anchorage, Alaska that is wanting to sign a lease for a family member that is an illegal immigrant. The individual wanting to sign the lease is unable to provide a completed appli...
Bao Vu
Question regarding Tax on a Flip
Hello everyone, I have a question regarding taxes on a flip as I am prepping the books. My partners and I purchased a property late 2023 and finished the renovation and sold the property in March of 2024. After all ex...
Daniel Gonzalez
Increasing rent to market rates in Union City NJ
Hi BP community, I am currently searching for my first investment property to househack, and something I have been noticing are below market rents. Most recently I saw a potential property that met my criteria but the...
Allison Nguyen
LLC for Your Rental Property Question
I wonder if it's worth it to create an LLC when you have only one rental property. Also how much does it cost to have one created and maintained? All inputs are appreciated. Thanks!
Chris A Godbolt
License now or license later?
Good afternoon BP,
So I have been studying and researching real estate for close to a year now and have found my self getting more and more motivated every day but spinning my wheels trying to go in to many direction...
Leslee Wilson
Creative financing ideas for an Arizona home
Greetings BP Nation,I need some advice and ideas. Here's the picture:Our church, Gilbert SDA church in the Phoenix area, is looking at a house to buy in a county island that we will transform into our church home ove...
Bryce Baker
Funding First Property - Owner Occupied
I've been analyzing condos in 92102 and believe I can make a 2B/2BA work with an FHA owner occupied loan just so I can get my feet wet with my first deal and stop wasting my money renting. I believe I can leverage dir...
Blake Norman
Potential First Deal
Any and all input is welcomed on this specific example. This would be my first purchase of any property. I have found a multifamily property I am interested in. I saw the property today with a realtor and met with the...