Greg Issacs
Figuring out my next step
Hi BPters I bought a main residence townhouse 15min outside Chicago for 160k couple years ago. I totally remodeled it (myself) new bathrooms, kitchen, windows, doors, flooring etc. Mortgage loan has 100k left. Curr...
Joe Boggin
when to get my second rental?
i closed on my first rental last month. i replaced the electric service and upgraded the kitchen. my first tenant is in and rent will be paid by end of month! i own the house free and clear and i want to obtain a...
NA NA
Forming LLC with SD 401K
Can an SD 401K be used to establish an LLC with another non-disqualified individual? LLC would be funded say 40/60 for example purposes, between 401K trust and non-disqualified individual. Apportioned income, gain...
Manuel Fontan
Non-Conforming vs Portfolio loans
Hi BP community!What are the main differences between a Non-Conforming Loan and Portfolio Loan?As it turns out, when an investor has more than 10 properties, they no longer qualify for Fannie Mae mortgage loans (conve...
Bryan Pham
Limit on numbers of mortgage you are allowed in Austin, TX
I am looking to purchase my first property in Austin, TX. A 2BD, 2 BA and house hack the other room for extra income. Let's say if I refinance my house to purchase another home, how many mortgages am I allowed? Is it ...
Mack Bailey
New and Improved Plan
I started my real estate learning about 2 months ago and though I'm about a year from buying my first deal at this point I have talked to mentors, read numerous forum posts, and books and have made a more concrete pla...
Victoria Monahan
Savannah real estate agent or wholesaler
My husband and I are currently living in a 2-family in NY (Long Island) and have been house hacking for 3 years. I’m a speech therapist and will be doing travel therapy in Savannah GA for the next 3-5 months. We wil...
Joseph Dike
To much, to soon and too fast?
Hey BP,So here it goes ...I have been getting really interested in RE the last few months, and decided enough is enough for just looking and analyzing deal after deal without taking actions, so I applied for a convent...
Lafontant Cherilus
Owner Occupied Multi Family 50% Rule of Thumb (Taxes)
Hi - In areas such as NJ (that have high property taxes)....for an owner occupied duplex (or triplex)...does the 50% rule still apply?
Justin Bailey
Motel to studio apartments?
Alright here is a situation I would have never thought about this a couple years ago. So in my hometown there is a motel that has recently been updated. They want 900k for 50 units. The area is in need of rental locat...