James Roux
First Real estate agent I spoke with said I can't do FHA?
Well I just started looking for a agent in the Orlando area today and the first one I spoke with told me I can't use a FHA loan to buy a multi family property? Am I missing something here Everywhere Ive read it says I...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Carolyn Morales
Mortgage terms, 10, 15, 20 or 30 years and why?
For Mortgages, including Primary Residence and Rentals, Do you choose 10, 15, 20, or 30 year terms and why? We tend to go fewer years, with the mind to pay down principal faster and so far all are buy and hold, with ...
John Whitridge
Appraisal Well Below Purchase Price
Hi BP I am stuck between a rock and hard place and was hoping someone has some advice or experience in the following situation. I had an offer accepted on a Duplex for $350,000 and already went through all the inspec...
Alexis Ascencio
House hacking out of state question ❗️
does anybody know of someone who has moved to a another state/city just for the sole reason of house hacking? Then moving back home after they've occupied that property for a year? Or is that a stretch?? Haha. Was cur...
Rodolfo Varo
Trouble starting, no money and bad credit.
I feel the need to start something else besides my job and I really want to jump into real estate (passive income) and I believe that's rental properties. I recently put my house for sale hoping to get the equity to ...
Ali Samana
Owner Finance!
I have a seller right now who wants to sell his house for 30k. This price works for me, because I could probably put in 15k in the house and sell it for mid 80s. He also agreed to 15k down and the other 15k in 6mos,...
Patrick Senas
Super brand new to REI based in San Diego!
Hello all,My name is Patrick Senas and this is my first time on this forum. I'm actually a pretty avid reader of the great articles posted on this website but have never thought of joining since I figured I wouldn't g...
Jim Hiler
5 Unit Deal - Owner will only accept Cash/Hard Money
I have a financing question about regarding a 5 unit property in South Florida that I'm analyzing. The property consists of 4 structures - 2 duplexes, an SFR and 2 car garage, and has 3/4 of acre.Here is the link to m...
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What is your monthly cashflow?
I'm just curious what kind of monthly NET cashflow everyone's built up - and where their properties are:
I'll start
Type: City: NET Cashflow:
3 family - Springfield, MA $200
4 fam...