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Hey guys, new to both BP and Chicago and I'm looking to get familiar with the multi family rental market in Chicago. Prices, rents, neighborhoods etc. Where is the best place to find this info so I can get a lay of th...
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I currently own properties in an LLC, but I was just reading that it is a good idea to own properties in a corporation because of some of the tax advantages that exist for corporations. I was hoping to get some insigh...
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Hello everyone,Is it possible to attain a mortgage for a 3 family home for 750k putting 140k down? So 610k mortgage.Let's assume the buyer has amazing credit, makes 70k a year, has 140k in cash and will live in the 3 ...
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Hi everyone,
Does taking out a home equity line of credit affect / count against your debt to income ratio?
Thanks,
Christian
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So, I have read several books and posts on here concerning offsetting income tax with passive loses or depreciation from rental properties, but I am still a little unclear as to how that all works and if I can actuall...
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Hi BP community,
So I have a strong interest in rental properties and most likely am looking into purchasing out-of-state because LA and orange county are difficult to cash flow. I've only begun saving up for a down ...
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Hi,
I currently decided to bail on the stock market well sorta. I sold around 100k of stock. While it was a very tough decision to make. I decided to protect myself some.
My current Bank won't allow me to refinanc...
Need help?
Hello, I am in a position of wanting to downsize from my current home worth 354K and purchase a home at 289K. I own two other houses and 2 other land properties worth in total about 400K. My income level presently ...
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Hi All,
I hoping to get some direction and advise from you pros out there on how to BRRRR and secure long term lending WITHOUT a W2. My wife and I have had a lot of success builiding up a good real estate portfolio b...