Hi everyone,Since we are very new to the real estate investing world, I need advise.if you would have 2 options:Option 1Get a duplex, no appreciation but good residual income – 15% cap rate, in a C- neighborhood – pri...
Hello BP!I am a new investor in the Puget Sound - more specifically, targeting Snohomish and Pierce Counties. I have been shopping local bank and credit unions for rates on a cash out refi and HELOC on a rental that m...
The applicant, a single woman, has 4 kids. My rental in Baltimore city has two legal bedrooms plus a 3rd "bonus room" upstairs that has no exterior window or closet, so we advertise it as a 2-bedroom. Occupancy guidel...
Hi, my wife and I started an Airbnb in Sacramento, CA, this year and are new to real estate investing. According to our understanding:1) California does not recognize REP status, but we could claim it on our federal t...
Hello! I just listened to the latest episode of the BiggerPockets OG podcast where the guest was referencing conventional investment loans with a 15% LTV. Does anyone know where such a lender might be? Looking for lon...
In 2012 we hired a management company to manage one of our out of area properties in Illinois. What initially looked like a great match turned out to be a disaster, and we had to terminate the company after just one m...
I recently had a lot of interest in one of my houses during a showing and received a couple of applications from some qualified tenants and I am trying to make the right choice and wanted to get the opinions of the bi...
Hello BPers,I am currently looking to purchase a multifamily in the Tampa Bay area. I have been looking at the properties on the MLS and so far the best I could find, in north Saint Petersburg (North of Central Avenue...
My debt to income exceed the bank's guidelines so I’m trying to find other ways to raise capital to acquire additional properties. I don't have any issues with my credit or anything, they were just basing this on my D...
Good morning everyone!Let me thank you in advance for taking the time to help us newbies!Question: to calculate depreciation, what price do you use? the county tax assessment, the sale price, or the appraisal price?2n...