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Hello Everyone,After doing some research, I've learned that an individual is allowed to take out a maximum of $10,000 from your Self Directed IRA to purchase your first home without any penalties. Of course this would...
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Hello all, Two questions. 1. How does investing affect your credit score overall. It seems that constantly applying for a mortgage (thus resulting in multiple hard credit checks) and carrying a large amount of debt wo...
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A few years ago I became an accidental landlord when I moved and it made much more sense to rent the condo that I previously lived in than to sell it. Now, I've built up a bit of equity in that condo and I'd like to r...
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Hi BP family!I am trying to buy a duplex in the southside of Chicago (Woodlawn). I always thought an investor mortgage was 20% down, but the lender from Perl mortgage said it is 25% down for a multiunit.Does anyone ha...
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Any insights or strategies for financing major repairs or even updates for MFs? I'm a newbie so please don't eat me alive. Just wondering the best way to fund the work needed on a deal (outside of the mortgage) or ca...
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Hi everyone I’m Steve and recently moved back to Seattle from San Diego. Just closed on a primary residence up here and have been crushing the BP podcast daily. I’m currently house hacking my home as a STR for some ex...
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Curious what you all would do. In contract on a duplex investment property. (it is too close in proximity to primary to ever qualify for a 2nd home and is currently rented) Here are the financing options, all 30 yea...
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Not sure if I am doing this right since it's my first post on here, but I am just starting out and looking to invest in a deal with my son here in South Florida.I've been told Apartments, Condos and pretty much anythi...
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I was talking to my lender yesterday about refinancing out of my Fha loan after I buy my first multifamily property to a conventional loan. So that I can use the fha loan again to finance my next purchase. He tells me...
Sweat Equity Taxation in Real Estate Investing:
Real estate investment is a time-tested method for wealth creation and financial stability. While many investors use cash to purchase properties, others opt for a diffe...