Michael Hooper
Finding Hotel Management
I'm looking in to buying an extended stay hotel. From the previous owners tax returns, they seem to turn a decent profit. However the more I think about it, the I'm not sure how to manage the property if I acquire it....
Account Closed
20 Years Old - Full time or part time RE Agent? Need your advice!
Hey BP, I'm in need of your opinions and advice! :)So, my question is: Should I be full time RE Agent, or should I find a W2 job and be an agent on the side? I know a lot of people say that it's difficult being a part...
Stephanie Fernandez
Switching Career Path to Real Estate - HELP!
Hi BP! I am currently a Business Analyst for the Healthcare industry here in Orlando, Fl. I have been captivated doing research on becoming a Real Estate investor, actively participating in BP, going to seminars and ...
Scott Hawks
Help deciding how to fund 2 new rentals
Your goals and story:
I currently own a SFH that is rented out. I'm looking to expand my portfolio with 2 additional buy and hold purchases
Location of property:
Gadsden, AL 35903 for both
Purpose of financin...
Roy Gottesdiener
Bank asking for 2 years proof of salary?
Tried to cash out with ally bank and they asked for 2 years salary proof. Is this a standard requirement from banks or are there others with less strict requirements of say a few months income proof?
Jordan Morris
House Hacking a MFH Near Disney Through FHA
Hello all!
I’m a young professional with no dependents relocating to Orlando for work within the next few months and I want to start building my real estate portfolio, the first step being house hacking. My current p...
Ruben Cervantes
FHA 5% or Conventional 5% MF
Hello BP members
I’m in the process of purchasing a 4 unit MF property in CA with a owner occupied FHA loan at 3.5% dp, but we just encountered a problem. Long story short the property did not meet the FHA self suff...
Account Closed
Financing Strategy SFR
Your story and goals: Looking to help a family member by buying their home (cash) and rent and/or sell.
Type of property: Single family home.
Location of property: Medford, Oregon.
Purpose of financing: Cash purcha...
Deon Knott
Buying homes with 850 Square Feet or Less?
Hey Guys, I'm looking at a home with a little less than 800 square feet. The deal seemed good at first. The location is good. The neighborhood is good. The rents are good etc. However, we've never purchased a pro...
Daniel H.
Depreciation
If I purchase a home for $25,000 cash, then spend $15,000 to fix it up, then refinance at an appraised value of $100,000(just an example), would depreciation be based on the $25,000 plus improvements or would it be ba...