Adam Melon
Deal or no deal? House hack
Deal facts:1. Purchase price 925k on a triplex in Westchester County, NY2. Rental income in other 2 units is $4360. I can probably bump it to even $4500 between both.3. Basement can be converted into a 4th unit. Right...
Brandon McCombs
what requirements to expect to be approved?
Hello,I had a fire in my apt bldg and was under-insured. The original sale price was $239k. I have an existing mortgage on the bldg which has $195k remaining on principal; only about $15k remaining from insurance mone...
Matthew Brand
What's the REI lifestyle like?
I'm considering quitting my day job and becoming an REI. I've found a bunch of resources on the site on how to do it and feel confident that I can learn enough to make it financially viable.What I haven't been able to...
Christopher Lane
I bit the bullet! I put an offer on my first investment property!
Hey Team, I did it. I put an offer on a place. The SFH originally hit the market for $74,900. it was listed for X months and got lowered to $60k. I waited about a month and put an offer of $47k on it. Did I offer r...
Jeremy Karja
Can I still write off some expenses for last year w/out LLC ?
Hi BP,Quick tax question. I am setting up my LLC this year but I have some RE expenses from last year? With other businesses in the past I still wrote those off I thought without an official business set up but I may...
Victor Zeytin
Newbie Looking to Invest in SoCal
Hi everyone. This is my first post here and I've been spending the day reading through the posts.I'm a small business owner that's looking to invest in MF in SoCal. As many of you know, SoCal is an extremely competiti...
Eric Hulstrand
Farm land vs. Rental apartments
Hey All,I have kind of a unique question.I recently inherited, free and clear, 90 acres of great farm land. I also currently own 20 units of apartments (12 unit and 2x4-plexes). I am quite in debt on my rental real e...
Joe Vastola
Better off putting 20% down or paying for PMI?
I am looking to buy a SFH and am wondering if it is smarter to just put down 20% or put less down and take on the expense of private mortgage insurance. I'm assuming the cost of PMI is based on the size of the loan an...
Dave Mazza
Condo Question for Rental
Hello Everyone. I am a newbie for this and posted a similar question to another subject but wasn't sure if I should keep adding to it or start a new one. I have more information that I didn't disclose from the begin...
Ryan Elam
2nd home loan impact on primary residence mortgage?
Hi there, I'm just starting my journey in STRs (have 1 up and running currently) and have a question....How do 2nd home loans impact your ability to qualify for a mortgage on your primary residence? One of my potentia...