Dan M.
Leasing a room to my own company
I recently read an article on Biggerpockets about getting the experience of being a landlord for 2 years and being able to find lenders much easier afterwards. My wife and I bought a house in 2014. Meanwhile we opened...
George Red
Rolling funds into next purchase, what cost basis?
A hypothetical to see how people factor costs when rolling equity forward into additional purchases.For this example assume you purchased property “A” for 100k, and put 25% down. 2 years later you sell it for 125k so...
Kenley Law
Buying my first property without contingencies in Milpitas
My wife and I just moved to San Jose and we are trying to buy our first primary residence in Milpitas, to start a family. We earn a bit more than $225K combined and we only have about $120K in cash. Therefore, we are ...
Darren McGillvrey
Mobile Home Parks - Does this sound right? Need Help!
I am trying to help a woman who had her Mobile Home burn down this summer in the wildfires. She is trying to buy another MH in a park in a completely different county. (Leased Land) The MH Park has denied her based on...
Kelly N.
Does it get easier to deny people?
We've always used a property management company for our other rental, but we recently purchased a second rental home close to ours and I thought we'd save some money by managing it ourselves. Now I know what I was pay...
Jeff L.
The 10 mortgage limit: is it 10 LOANS or 10 PROPERTIES?
I can't seem to find a definitive answer to this.Some people say that the limit is 10 properties (not loans), so even if all 10 properties were under 1 loan, you would be at the limit. Is this the case?Also, does it m...
Jonathan Wiesniak
Renting out primary and buying new house
I own a house in South Florida worth about $650k. We are planning to rent it out and move to Massachusetts. I Have about $320k in equity. mortgage all in is $2600 / month and a conservative rental estimate is $3700-...
Chad Duval
3 Thermostats - 9 Units - How would you handle RUBS (heat)?
Hey All - I have a 9 unit building that only has electric separately metered. I want to implement RUBS for gas, water, sewer and trash, but was wondering how you'd handle the thermostats? There are 3 units that curren...
Beau Walsh
Cash flow but no appreciation
I'm currently trying to decide what to do and would like some advice. I've sold my live in flip and it didn't go as planed. You can see my other post for more details. Now I'm looking at a different strategy. I've ...
Taylor C
What are the best days for rent due and automatic loan draft?
Wondering if you can share what combination of these works best for you:
a) what day do you make your tenant's rent payment due?
b) what day of the month do you set do have the mortgage payment drafted from your acco...