I'm considering buying my first investment property using a HELOC on my primary residence. I have enough equity in my primary residence to cover about 4-5% of the purchase price of the target property. I was thinking ...
Using Round numbers Selling condo without realtor for $444,000 bought it at $144,000, $44,000 improvements, no mortgage, lived in first 5 years, rental for last 29 years.1) In order to have zero tax liability on gains...
We closed two properties at the end of 2019. We discovered that the deeds were never recorded in our name when we went on a hunt to locate school taxes. In August title company blames everyone else (including state we...
I'm new to this and have 2 units, a 4 plex and a duplex. All my tenants came with the purchases. This one had the father of her 3 month child picked up by INS and he is jail. They are not married, but both on the l...
Hello BP community, I'm looking to get my first deal currently. There's one I have my eye on that might be a good candidate for seller financing based on my conversation with the home owner. Does BP has a general ...
Hello All! I am new to this forum (but not to bigger pockets) and wanted to introduce myself! My name Alaura my husband left the military late last year and we are getting our new lives set up in Texas! We are current...
I am about to acquire a triplex that is fully rented until next year. I’m taking over the leases and need some advice on next steps.
After closing, I’m thinking of scheduling to meet each tenant and go over their lea...
Have been reading forums & listening to podcast for over a year. Focused on cash flow & so on multi-families in part because of Bigger Pockets. Bought our 1st property last spring ($94,000 3-unit, using conven...
I rarely ever see anyone talk about amortization. So I'm trying to figure out how I should be thinking about this. In the first years of a loan you pick away at the principal very slowly. Is it worthwhile to use c...
Good afternoon,
So I made an offer on a 2 family which also includes a store front in Brooklyn, NY and my offer was accepted at 435k. after sellers concession it brings the cost to $461,100. I will be get...