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Can someone explain to me why you would (or wouldn't) invest in a property to break even and not make any cash flow with the rent? Would this still increase your net worth and possible equity with the new property?
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Military / Veteran Investors - what has been your best investment this year? I've done a bunch of investing this year, but for me, it was investing in myself, my network, and my education by joining a Mastermind Group...
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I have a tenant who moved from CA back to MI to care for a sister in with cancer and more recently an ill parent. She could not find anyone to rent her a home because she was a stay at home Mom with no verifiable inco...
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Hello All! No one seems to be able to answer this questions. Let’s say you have a minimum credit score of 600 to rent a home. A couple or two friends decide to apply. In this situation, one has over the 600 credit sco...
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This year my AGI was over $150k and therefore passive income loss limitations eliminated my ability write off losses from my rentals. I am not a real estate professional and I don't see that as a viable path at this t...
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I've been thinking of setting up a deal offering free rent for a year to a disabled veteran and their family who are in need of help to regain financial stability; they would only be responsible for utilities and a sm...
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I am interested in using a FHA 203K loan to renovate a Mixed-Use building. I am looking to have four residential units and two commercial units. Does anyone have experience with historical renovations? How does the p...
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Hello BP community,I've come across a situation, and I'd love any advice or ideas on how to handle it...I'm looking at purchasing a blighted property, completely run down, attracts bad elements etc. This property has...
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Hi all. I’m a prospective buyer located in Chicago looking to purchase a 2/1 condo and rent out the second room to a friend. I’ll be able to put 10% down on a roughly $350,000 unit, and will be using this opportunity ...