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I've had my first rental for over a year right now. I've been told that lenders will factor in my rental income into my DTI to help secure a loan for another property purchase. A couple questions:1) How long do I ha...
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Hi BP,
I am not sure how to search for this topic here.
When I search Multi unit commercial (usually its apartment or 5+ units and above)
I am new to this.
I have a unit that is in a "shopping center" ran by the ow...
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Hi, My name is Nikki, work in IT and 24, single woman. I have been listening to BP podcats for over 4 years and decided to finally start my journey. I came across a deal in NJ (20 min from my current apartment) $150,...
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So I have an opportunity to purchase a piece of land from an older gentleman that is retiring. He planned on doing this last project in 2019 but his health has deteriorated and is now looking to sell the land with all...
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Hi Everyone, should drop ceilings be an automatic red flag for anything in a residential multi family structure? Thank you!
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We are replacing all the windows and doors of our home. Everything is either worn out, or deteriorated, even the front door is broken, and decayed. I am thinking of upgrading the front door, to a new security door. Ma...
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Hello,
Looking for the best way to approach a "back property taxes" issue with a property. Has anyone had any luck talking to property tax departments and trying to negotiate it down? Giving them the "instead of letti...
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12 unit. Next to 65 condos with an HOA. The 12 unit is not part of HOA but has deeded access to roads and parking. Ever dealt with this? Thoughts either way?
Hey all,Here is the property in question:https://bham.craigslist.org/reo/4757936267.htmlI'm operating on the assumption that the property is currently occupied and therefore cashflows.According to the 50% rule, this p...
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MA is becoming more and more strict on sprinklers. Now all townhouses, and new construction 4+ units require sprinklers. Any modifications or improvements costing over 50% of the building assessed value triggers sprin...