It is my understanding that in calculating effective income for an FHA loan, non-taxable income (like child support for instance) may be grossed up at the greater of 15% or the borrower's tax rate for the previous yea...
I have been driving for dollars in the Jacksonville Metro area. I'm new to the city, so it's been a learning process on what pockets within it are good for flipping. I drove every street in arguably the most high-doll...
I am looking for a rental property and I couldn’t find good deals near where I am living when I ran numbers. Because I don’t have multiple properties, I want to start out myself without hiring property manager. To sum...
Welcome BP! My name is Lee, I just turned 23, and I'm from the suburbs of Chicago. I've been in property management as an admin for commercial RE for close to two years now, which piqued my interest in REI. I'm curren...
Good afternoon bigger pockets,Currently I'm debating on getting a 10unit complex all 1bed/1ba. The income is great and is within market for my area. The current owner only has one gas meter, electric, water and sewa...
Hey all,
I'm trying to track down the best process for vetting a good deal on a cash-out Refi for our NY Duplex. Both my wife and work and we own several properties with super-pos cashflow, mixed in with little mort...
Hello, I’m a beginner agent here is South Carolina. What advice could you give me since I’m new to this??
Hi BP Community,My wife and I are rehabbing our bathroom in our first rental. We've replaced the toilet and have removed a small section of rotted subfloor with sheet vinyl flooring on top and replaced it with LVP. We...
I may have gotten a bit ahead of myself but I just landed my first off market deal in Kalamazoo, Michigan. Found this one by door knocking. Wrote the owner an offer three months ago which they initially declined. Howe...
Hello!Long story short, my dad recently inherited his parents home after his mother passed. The home is completely paid off. He is interested in selling it to one of his kids for $80k-100k and I believe it was apprais...