Michelle Botelho
Long time reader, first time poster
hello!!I've being studying BP for over a year now. I am a sahm to 3 young kids and i am CFO of our household!! My husband is very busy at work, so my goal is financial freedom for him to retire or semi retire.We follo...
Matt Lingo
Minneapolis STR Permits
Hi BP Members,I have recently come across a couple of properties in Minneapolis that are in a great location for STR's. However, Minneapolis only allows 1 STR per person (at least that is my understanding). I do not w...
Eric Mcginn
Tax implications of selling quickly?
I know ultimately I need to ask my accountant but he’s busy and expensive to ask preliminary questions. I won some land at a county tax auction. My agent has done some research and determined that I’m able to sell it ...
Bao Nguyen
high end rental investors: does the 3x income/rent apply?
It's part of my rental policy: household income must be at least 3 times the rental rate. But most of my homes are renting around $1k/month or less.Should this rule apply to high end homes that rent for $3k/month or ...
Nick Gerli
Housing Shortage...or Housing Bubble? How to Tell the Difference
The terms Housing Shortage and Housing Bubble get thrown around a lot. And for good reason. Areas with a Shortage tend to see higher rent and value growth. Areas in a Bubble situation tend to see slowing growth and ev...
Raymond Kalonji
Are My Screening Criteria Unrealistic for Section 8
Hello,
I have decided to welcome section 8 applications for my rental, but I'm wondering if my screening criteria listed below are unrealistic for applicants:
- Minimum credit score: 640.
- Minimum household incom...
Marco K.
Going full time in REI?
Wanting to go full time in REI. From everything I read, a full time job is necessary to qualify for loans. Is that really required if your spouse will continue to be full time. My line of thinking is that lenders take...
Salvatore Lentini
College grants and aid regarding real estate income and assets
I have a JR in high school and we're looking at colleges. Trying to figure out financial aid possibilities. How do colleges and the govt look at finances when household income is not cut and dry W2 income?My wife ha...
Steven Clark
Rental Property Targeting College Students
Hello,Looking to purchase my first home wanting todo the owner occupied multi family option. What are your thoughts on targeting college students? With my research I have found that these areas are typical cheaper hou...
Allan Kuaana
Property Management Recommendation - St. Louis MO
Could anyone recommend a decent property management company for SFR in the St. Louis MO area?