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Hello BP, Im brand new to BP and REI.I am currently in sales and looking for jobs, although my main focus is real estate. Does the type of income or way I'm taxed effect what kind of loans I can receive. For example d...
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Hey BPIn my home office i has this popcorn ceiling that kept peeling and falling off so I decided to remove it and get rid of it myself. I’m also done with removing it and there’s this thin layer of paint/glue(?) left...
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Hello all, I want to take the plunge and enter the world of multifamily value-add investing. I am based in New York but will likely want to start out in a smaller, nearby MSA where price per unit is lower and I can lo...
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I have a few rental properties, all financed via conventional mortgages in my own name, and property titles also in my own name. I also have an LLC.
When I rent out these properties, the rental contract is between th...
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Hey BP! I was wondering if any one out there has used the VA from USAA and if they counted the 75% rental income to couple with their job income? Some lenders don't and I was wondering what side of the fence USAA was ...
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Hello! I have a few questions about purchasing an STR. It would be our first rental property. 1) should we form an LLC first? Or can we do that after the purchase? 2) STR insurance: I’m guessing we should purchase a p...
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Hello there, My name is Rob and I am new to BP. I joined because I have been lurking on here for a bit and learning as much as I possibly can about Tax Lien and Tax Deed investing. I am most likely going to pull the ...
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Hey all,Just wanted to clarify but in California if I have repairs that cost over $500 including parts and labor, I need to hire a licensed contractor to do the work. If it's under $500 (including parts and labor) I c...
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This is my first potential deal and I want to make sure that I'm offering the right price, and if its too far off please let me know.Property Details: Split-level Duplex- 3 bed/1ba. each sideList Price: 99kRent: 600 o...
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I currently have a rental property I am wanting to refinance out of a variable 6.25% interest rate. Just got off the phone with my regular lender and was told this was not possible because it is in my LLC. Has anyone...