Jose Falconett
Pre-approving hard inquiry affects on credit
A lot of forums and even a local agent I spoke to said that i should find out what I can finance before I utilize the agents service of scouting a deal. This makes sense, so upon questioning whether or not the mortgag...
Troy Gandee
Question About How to Transition out of Primary Residence
Hey everybody,I'm a Realtor and investor. I'm quite experienced, but I usually use private funds as opposed to bank financing. I bought a new primary residence in April using a Freddie Mac loan. The intention was to p...
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Davis Chem
Newbie Introduction :)
Hello, my name's Davis Chem and I'm an 18 year old situated in Southern California.I'm looking to invest within an hour or two of LA county, ideally starting out with a house hack.You're probably thinking about why I ...
Mike Lynch
Question about Potential Renter and Cash Out Refinance
Hi,I did a rental property analysis today after you all answered a lot of my questions over the past 2 weeks. It looks like if I charge $1300.00 per month rent, I will have a Net Operating Income of $11,626.80,,, Deb...
Xzavion Schultze
Looking for good markets to build a MTR portfolio.
Currently saving money to buy a house somewhere. Around this time next year I should have about $35,000 saved up. I really want to move out of the mountains and want to find a place to live where I can start investing...
Steven Bonfante
Help me analyze this deal
Hi folks,I'm a analyzing my first legitimate deal. I've done plenty of analysis for practice but this one will be a serious offer.Let's start with the property description:Senior community (55 and over)2 bed/1 bath98...
Cheryl C.
How to "income qualify" a section 8 tenant?
What ratio's do you LL's use to qualify a section 8 applicant? I have a prospective tenant with a voucher for $1,575 (the rent amount) and an SSDI income of $908/yr. This person also receives food stamps in an unkno...
Diya Wahi
Off- Market Duplex in LA - No Offers So Far
Hoping I can get some feedback about a deal that was brought to me. I am Realtor and a friend hired me to find a buyer for an off-market duplex in LA (West LA/Beverly Hills area). I have posted the deal on Biggerpocke...
Jason Sousa
To Show Or Not To Show Before An Application is filed?
Hey BP members. I am having a great deal of issues getting renters to sign an application to see if they qualify before showing the property. It seems like renters want to see the property before they file an applicat...