David Driscoll
Looking a smart tax person
I would like to buy a property, rehab and flip.
The situation: The owner/daughter inherited it from Mom and Dad, the property is free and clear. The property is vacant and the owner doesn't intend to ever li...
Tracey Dixon
100% Financing? (80/20 loans)
Hi BP! I’ve finally taken the leap and begun my REI journey. I’m currently trying to determine which type of loan I want to use with a lender. This may be a no brainer question, but seriously need advice. Based on my...
Account Closed
Wha? Property Investors Follow Millennials to Hot Mountain States
Does it matter where you invest for the future? Of course it does. ****************************
Property Investors Follow Millennials to the Hot Mountain States
Wall Street Journal By Konrad Putzi...
Victoria Creighton
Backdoor self directed Roth IRA
I recently moved a pension from a previous employer to a traditional self-directed IRA. I now plan to convert this traditional IRA to a Roth IRA to take advantage of getting myself a tax shelter I wouldn't normally qu...
Adam Hale
First time buying a but and hold.
Looking at my first investment property. Seller is asking for $80k, needs about $5000 in cosmetic work, estimate. Rent is averaging about $850 a month for comps in this area. This will be one of the nicer houses avail...
Max P.
Intro | New Investor | DFW
Hello BP, total n00b here. Looking to learn and invest in the DFW area initially, maybe remotely later on.I've read BP for a while, so I'm now thinking of practical questions. Questions like the following.1 - Where to...
Lettie T.
Pets are considered occupants
A local property management company limits occupancy to "2 heartbeats per bedroom." Their definition of heartbeat is literally anything with a heartbeat, so people AND pets. I've never seen anything like this before a...
Djuan Snowden
Renting while owning?
I really want to house hack a multi family but I am learning there aren't many in my area. Would it make sense to continue renting where I am while purchasing an investment property in the part of town where more mult...
Sorin T
Deal on a townhouse
OK, I normally would stay away from this due to HOA fees but still wondering if it's worth it.
TH, 2br/2ba/1gr, decent condition, 40K. HOA $175/mo, taxes $650/yr. Rents for $800/mo.
I would not do the 50/2 calculation...
Issa Elkhatib
70% Rule for Fix and Hold?
Hello, I was wondering if the the 70% Rule applies to fixing a distressed property and then holding it for rent? If not, what is the rule of thumb?