David V.
Cash out refinance - Interest deductibility
Quick question here. If I do a cash-out refinance and use the extra funds above those used to pay off the original mortgage to purchase a new investment property is interest on the entire new loan deductible? For ex...
Chauncey Craig
Triplex Creative Financing
Hello everyone, i’m looking to purchase a triplex in Mississippi. Credit score is 740, 100k salary, and i’ve never purchased a home before. My goal is to live in the property and rent the other two units out via airbn...
Ryan Keenan
Claiming improvements on your taxes
hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...
Seth Murphy
Trying to pull the trigger on several multi family deals
I've got several all cash deals I need to make happen on a timeline and I'm having trouble pulling the trigger even though I'm under a strict timeline for an exchange. I'm purchasing 40+ units and have found propertie...
Jeff Hedfors
Staying at 1031 Exchange property during rehab
We are completing an exchange in St. Paul, MN. While keeping our primary residence in Arizona, we want to stay at the property for a couple of months to get it rent ready. Is this going to cause any trouble with the 1...
Eric Veium
Build a unit during a lease option?
Please offer guidance on the following scenario:Execute a 3 year lease option on a small multi family in CA (2 units). The property has room to build 2 additional accessory dwelling units (ADUs). The strategy would lo...
Steve Davis
203k loan occupancy questions in MD
I am researching using a standard 203k loan in MD for my primary residence. Can I live in the house during the rehab? Provided utilities, roof, bathrooms, kitchen, etc are operable? What are the rules concerning occu...
Michael LaCanne
Sell or rent departing residence
Hi Mike from Minnesota! listening to bigger podcast for last several months and I have worked in the mortgage industry for 7 years, specially in Heloc s the last 3. I want to be first time investor.looking for advice ...
Steve Close
Philadelphia Area Duplex Scenario
Hey BP, I am a new member from the Philadelphia area. I am in the process of evaluating the multi family market around the Delaware County area, specifically Drexel Hill, Upper Darby, Glenolden, and Ridley. My goal is...
AJ Smith
Columbia Heights (Minneapolis) MN Househack Analysis
PROPERTY INFO
Property Address
4506 Fillmore St NE, Columbia Heights 55421
MLS#
5540705
Number of Units (Duplex, Triplex, 4plex)
2
Crime Rating (Low/Medi...