Account Closed
Calculating numbers to make an offer
Hello guys,I am a newbie and I have a question about calculating numbers when making offers to agents. I am planning to make 2-3 offers a day to an agent in Los Angeles area, but when I calculate my offers, it seems l...
Cody Malone
multi family lot purchase, owner finance
I have found two lots for sale, the owner is open to an offer for seller finance. Im not sure how to structure this offer, ideally i will be building a multi family (duplex) built from shipping containers. The lot i...
David C.
Build and sell do you have to pay social security tax?
This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...
Chris Scully
Buying vs. renting for a 2-3 year job
I am just out of college and very interested in having the financial independence of landlording some day. I currently work in northern Virginia (DC metro area) and make $68k at my job. I like my job but have no idea ...
Jason Evans
Making ball park offers on phone
Im looking at a property thats a several hour drive from me so I wanted to to give the owner call and give a ball park offer to see if we are in the same range before driving there to take a look at the place. Ive alr...
Paul Deliso
If House hacking, is it ok to start out with neg. COC
If I am estimating some multifamily and I plan on living in it for first couple years, is it ok that the deal shows up a negative, but when I estimate that when I move out and have it fully rented that it would then b...
Pema Lhanang
Should go for Max FHA loan or will it hurt me for my next Loan?
Thanks to BiggerPocket and Real Estate Rookie podcasts, I am planning to get my first Multi family unit to house hack, I am eligible for Max fha of 650k if I get 3 unit or 540k if I get a 2 unit, my question is should...
Hle Xiong
Would you start house hacking if there was no cash flow
Hi, I’m trying to purchase my first home ever and plan to house hack a duplex. I’m working with a realtor and right now the price is $500k. I would be using an FHA loan and put down around 5%. Each unit will rent for ...
Dax Nollenberger
Down Payment, The Great Mortgage Equalizer
Interest rates have had a substantial impact on the overall affordability of a home. With mortgage rates on the continual rise, it’s time to think creatively about how we can minimize our long-term costs and make our ...
Jennifer Inumerable
First Time Investor: Long term vs Short Term rentals?
My husband and I are looking into our first investment property. We are based in North Dallas area. Initially we were thinking on a duplex in Lubbock area since DFW is such a competitive market right now (we won’t be...