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I am 32 and just bought my first rental property with my brother. It’s a duplex he lives on one side we rent out the other. My background is mostly stock investing (professionally and personally) but this first rental...
Good morning BP, My name is Alex I own a four family in Elizabeth NJ. I currently have a tenant moving out of a two bedroom apt. That apartment has stairs case going into a room in the basement, the staircase was seal...
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Hey everybody just wanted some thoughts on my chances of getting conventional financing for an investment property. I know just go ask the bank or lender right? Well I like to ellude that I already have a VA loan on m...
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I do most of my rental property investing in a 3-Way LLC. One of my partners also owns several other properties on his own that he would like to sell either to me or to our LLC. Down payment funds could be an issue. P...
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Hi All,
I'm new to BP and the Real Estate world in general. My question is impossible to answer, and I know that. BUT- nonetheless, I am interested to hear others' opinions on it. With the price of real estate abso...
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Hi all - Have researched but can't find the answer, so hoping someone here will be able to answer: Do MHP have any or all of the same tax-advantages as other residential real estate? I know you can write off expens...
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Hello, New to property rentals and wanted to figure out the finances as clearly as possible before embarking on this. My situation is that my rental income will be less than expenses (mortgage, insurance, property ta...
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Hi all!
While listening to last weeks episode on "7 paths to financial independence," I really liked the concept of buying one property each year for the next 15 years and putting them on a 15 yr mortgage and takin...
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Greetings,
My first home was paid off over a year ago, and I am now living in my recently purchased 2nd home. I have been renting out the first home to a family member under no official contract, but i want to establ...