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Hi everyone,We just purchased a home this summer for $450k and put 25% down. Currently owe $342k at 7.5%.We have no problem paying the mortgage as it currently stands. My concern is if we want to refinance, since rate...
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Hey guys,
I currently owner occupy a 4-unit multi-family and I'm looking to purchase and occupy another 4-unit multi-family. I'm using Fannie Mae selling guidelines to calculate my DTI, but I'm still not sure if I am...
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My wife and I currently rent here in Hawaii and I am looking to buy and hold out of state where I am from.Our current situation is I earn w-2 decent salary, same line of work for 16 years, same place for 10 years. My...
Hello All,
I am currently in the process of buying my first rental OO property -- a duplex that I will live in one half and rent out the other side. I am using FHA financing.
My ultimate goal is to quickly build as ...
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I am looking at a 4plex and I will need to go FHA.
I know that I will need to live in the 4 plex for at least 1 year.
My question is: do I need to sell my current home before I move into the 4 plex?
My current home...
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BP Community,
New poster but long time investor here. Looking for some advice from the collective Bigger Pockets Community. Please leave comments as this will be a factor into the future way ahead (your feedback wi...
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I need a strategy.
I'm retired, but never got into the BRRRR. I have $1M cash and $1.5M in paid off real estate assets, no debt, and no 'real' income. 830 FICO.
I want to leverage my assets and start BRRRR to secure...
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So today I called my CPA to let him know that I’m going to be buying rental properties in the near future. I Wanted to get some insight on some of the tax breaks I would be getting for having rental properties, he ...
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I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the reh...
Rob Abasolo, AKA Robuilt on Youtube, didn’t have a background in real estate, or construction, or hospitality, or really anything related to his current success. He did have drive, creative thinking, and the will to m...