Joseph Fenner
How much should I spend on renovations on average?
Title says it all. Since I am starting out, I am just curious about how much you guys spend on renovations or if there is a rule of thumb? I want to calculate it as a percentage of the purchase price that I can apply ...
Ryan C.
First Deal: 203k 3-Family House Hack
Hello BP!
I just wanted to share my experience with my 203k loan for my first home purchase/House hack. I believe it is the most underutilized loan program, but I can understand the fears of the unknown. With that be...
Natasha Sumner
Impact on Waste Transfer Station in Rural Area
We have a mid size apartment building (25 units) and just found out that the only trash company in the tri-state is planning to build a waste transfer station across the street. I know from an environmental impact thi...
David Bull
REFINANCING RESTRICTIONS - 80% of cost / value
in TX - is there a time period you have to wait to refinance? I bought my first property with cash. first 2 banks said they would only refinance with a loan of 80% of the COST of the purchase price plus rehab. I thou...
Patrick Laffey
Can I short term rent back to back leases to the same tenant over 30 days?
Hey all! I'm a new landlord with some units becoming available soon. I am trying to rent to travel nurses mainly (13 week stays), but ideally, I'd like to keep my leases under 30 days to qualify as short term rental i...
Malik Javed
Special Depreciation Rules for Short-Term Rentals (STR) and Long-Term Rentals (LTR)
The most recent data show that record momentum continues for the residential rental industry especially for the short-term rental industry, with year-over-year bookings now exceeding pre-pandemic levels.
The complexi...
Julio Gonzalez
Increased Audit Risk as a Result of Inflation Reduction Act
The Inflation Reduction Act of 2022 was signed into law on August 16, 2022. As part of this new act, the IRS was allocated $78 billion to hire around 87,000 new employees through the end of 2031. Of the 87,000, not al...
Derrick Wilson
Can someone answer this BRRR question I have.
If I took a personal loan out to buy a property using the BRRR strategy, when it was time to refinance would the bank add or count the personal loan towards my DTI? Or would I have to explain them that the cash out ...
Kent Verge
Cash-out refinance after rehab on first of two houses on property?
I'm thinking ahead a bit, and I had a question about doing a cash-out refinance.For some background, I bought a buy-and-hold rental for cash; it included two houses: a 3/2 in the front, and a separate studio cottage i...
Troy Burgett
Tax Strategies and Planning
Hey fellow real estate investors!!I'm new to BiggerPockets. I've been listening to the podcast for a few years but just now joining the community. Disappointed I didn't get online and get active earlier!! I love how m...