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Background:
Currently FHA financed on a SFH where I live. Bought for $125k, remaining balance $60k, appraisal should be $175k. Currently pre-approved through the VA for $400k but lender said $500k is an easy reach. I...
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Isn't it ironic how the one time borrowers got a 'leg up' in the form ridiculously low interest rate mortgages that those same 'assets' are partially what is behind the collapse of several significant US banks and bey...
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I often hear that it's important to keep your properties heavily mortgaged to keep the equity down, so that you don't look "juicy" for a lawsuit. (assuming there's a reason for being sued in the first place) I cannot...
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Hey folks, I heard about BiggerPockets on YouTube and I'm interested in the perspectives of folks in this forum. First time posting so apologies if these specific questions make it a "mentor request" (not sure of the ...
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So I have a few rental properties. And I am wanting to get a ton more! I work a day job, but have also been wholesaling to try to bring in extra cash, for down payments on rental properties. I got a new property under...
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I am considering starting a s corperation to own my LLC's that I keep my rental properties in. From what I understand I could pay my self a small management salary of something like $6000-6500 per year, and receive th...
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Hello, My name is Max and I am graduating college within the next year. When I graduate, I will be moving to Manhattan, NYC where I am hopefully working. I am looking to get started in my real estate journey through h...
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Hello,I am new to investing and I lack knowledge of how to use my passive losses from rental properties. or more than lack of knowledge, I just don't think my CPA knows this topic well. Lets say that i have a total o...
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Hello,I will start by saying I have a call into our mortgage lender...My husband and I are going in on a duplex with my parents who are downsizing. The plan is for my parents to live in half of it for a year while we ...
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Hi BP Nation!During the past several months, I have become highly interested in REI and have gained a wealth of knowledge by browsing this site, reading through forums, listening to podcasts, etc., and figured it is f...