I am still alittle confused about the $5000.00 allowed "start up deductions". Maybe someone here has the answers:
This will be the first home that I will rent out. I just bought it as an REO and am waiting for escrow...

We are confused about delayed financing. I was under the impression that for exampleThe property values at $150,000 @ 75 percent LTV would be $112,500 but due to the fact that we paid $95,000 delayed financing would o...

I have read that hard money lenders need a conventional mortgage pre-approval before lending.  What are some questions I need to ask local banks that they need for pre-approval letter (i.e. how long does the renter ne...

Hi BP,I’ve been doing a lot of learning about the realm of real estate the past 6 months and am looking to buy my first deal this year. After studying the BRRRR strategy the one part I’m still slightly confused about ...

Hi BP members,I’ve been reading up on BRRRR, and for the most part, I understand the basics. However, I’m confused about the refinancing part. Specifically, the cash-out portion confuses me. I'm familiar with the term...

Hello everyone,I had a question regarding refinancing homes. I generally understand how a cash out refi works (using my numbers of 240k purchase with FHA 3.5% vs 280k ARV), I can take up to normally 80% LTV out of the...

Hi All, I'm not sure if this is the right place to ask or not, but if anyone could shed any light on an issue I'm having while doing my tax returns for 2017 I'd greatly appreciate it. So the issue is, I have a duplex ...

I have zero experience with hud but recently found a deal I believe to be a guaranteed profit. My question is it was listed on mls and hudhomestore until the expiration and immediately switched to sold . Is there...

I am just a couple weeks into my REI journey and I am learning a lot! I am a bit confused on when it comes to the financing on BRRRR or fix and flips. How does one get the financing for the renovation costs? Is that f...

Hi Everyone - I closed on my first multi-family deal this week and I am working on two additional leads in the Dayton, OH area.  I potentially have more deals than capital and need some insight into using the BRRRR ap...