We are currently buying lots of single family homes using private money for purchase and rehab costs and then we're refinancing out with bank money at 75% LTV. In short, we're doing no money out-of-pocket investing, a...
Hello! Im wondering if anyone can help me understand if i will need to report income I’ve been receiving via Venmo over this past year. I bought a house early 2022 and have two friends renting out two rooms paying me ...
Hi all,Hoping an expert on here can provide valuable feedback and advice on a potential investment property purchase. A friend of mine and I are considering purchasing a duplex in Ridgefield, NJ with the following num...
Hi guys-
My name is Ally, 27 years old from Brooklyn NY. I graduated from college in 2014 with BA in Economics, did consulting jobs for banks for 2 years plus my previous internships (total 4 years experience). Recen...
How's it going BP,
I am wrapping up a flip property that I am partnered on (The partnership is not going as planned and he lacks the necessary motivation, but does have his realtor license... for now). In short, I am...
Hi all, I needed up paying my 2013, 30y fixed 500k mortgage At 3.5% early and now have 160k left on it. Should I refinance the 160k considering the current rates? Or once I add up the closing cost etc- I will have no ...
Considering condos and town homes have varying HOA fees does the 50% rule go out window when evaluating these properties as rental prospects?
Hi Everybody. My name is Dion and I am new to biggerpockets. I have been reading some of the comment here and have tuned in on some of the verbal battles regarding wholesalers. Some like them. Many don't. Anyway, my i...
Hi- here's my scenario and I need answers/suggestions around any loopholes or tax implications I should be aware of. This is all new to me but I think I have a plan. I want to do a $150,000 cash out refi on my investm...
Good evening BP folks,I am fresh to this forum and podcasts, on the tails of recommendations from some friends who invest in RE now. I am excited to see such a comprehensive and supportive network and forum as BP; wit...