I found a tri plex mls 775184. 3 separate houses 2/1 752 sq/ft. I’d say B-C properties. Rents are 850, 1095 & 1095 although my plan is to live in one for a year. Comps are 370-400k. I’m approved fha at 3%. They h...
In BP episode 327, they make the point that if there are flippers in a market, then BRRRR will work. Is this appropriate thinking?For example, let's assume you BRRRR perfectly and refi all you cash invested out of a d...
I have officially CLOSED on my THIRD PROPERTY! In less than 6 months, I’ve purchased 2 rental properties this year (2022). This means I now own 3 properties!
I’m breaking EVERY curse of poverty in my family and buil...
I currently work for a Fortune 50 company, and I am ready to break free from the rat race and 3% annual "merit increases". Ive managed to save up a bit, and am seriously considering using a 401k loan to float the rest...
Investment Info:
Single-family residence fix & flip investment in Spokane Valley.
Purchase price: $97,000
Cash invested: $117,000
Sale price: $246,000
The strategy with this property was to t...
I have some equity in primary home and I happen to have a rental which is net positive (roughly 300/month). The investment property has a higher interest rate, so I'm thinking about paying it off by refinancing the pr...
I have a full-time job and my initial reason for acquiring a multi-unit property was in order to live for free aka house hack and, more importantly, to write off the expenses (renos, mortgage, etc) in order to get mor...
My first investment property and I am using the BP lease for Maryland. There is no language in it addressing lease break protocol and fees. Shall I just add this section?
Hello Bigger Pockets CFL community. I am looking into the STR and STR/bonus appreciation strategy as a way to offset W2/short term income. Since the market pre-May 2022 just is not comparable anymore I am interested i...
If you do a cash-out re-fi on a rental property, what fees are tax deductible? Which fees are not tax deductible?