Ty Upshaw
15% down on non owner occupied in Alabama....help!
Hi....l have a great cash cow SFR under contract in Birmingham Alabama. 5bd /3bth...2400sqftBasement is a one bedroom apartment fully finished out. Upper house is 4bd/2 full baths. Total rents are $2,250.00 per mont...
Darrin Carey
2% rule --- Not even close at the high end
Being BiggerPockets, we've all heard about the 2% rule. And we've seen several animated discussions about the rule driving people to lower income areas, and cheaper houses. Take a look at the other end of the spectrum...
Andrew Kilgore
Any hard money lenders willing to lend under a minimum of 100k?
Hello all! I have found a cheap property in the Anniston/Oxford (Alabama) area for around 20k. I haven’t estimated rehab costs, but hypothetically it would cost around 30k for a full rehab. I am also estimating the AR...
Chris Roberts
How many years of rental income needed for new mortgage?
We have a short term rental that we bought at the beginning of last year and it rented well in 2022. The condo complex is undergoing renovations and it won't be available to rent until late 2023 (so it won't show any ...
Devang S.
Calculate certain Rental expenses
Fellow BP colleagues,So I've question on analyzing properties. I understand the answer may be it all depends, and that's okay, but wanted to understand the reasoning behind some of the unknown expenses, how you go abo...
Jered Sturm
Rejecting a family from living in a one bedroom apt
I recently purchased a building with one bedroom apartment so am asking this question hypothetically so that I can approach it correctly if it ever comes up in my screening.
Can you reject an applicant applying for a...
Jeff Minser
Buyer participate in 1031?
Came across a duplex I’m about to run numbers on. In the description “owners may want buyer to participate in a 1031”. I’ve only heard of a 1031 but have not done one. How does a “buyer”partake in a 1031?
Jennifer Hartbarger
New owners raised our rent
my husband and I have rented this house for the last 15 years in Washington state. It has just been sold to a new owner. We were on a month to month contract with previous owners. The new owner sent us a text two week...
Jonathan Soto
New member/investor from New York
Ever since my first BP podcast i was intrigued with turning Real Estate into my lifestyle. I was amazed on how people all over the country have made a successful life out of Real Estate. This forum is pushing me in th...
J Day
Leveraging a property you own
I have 9 properties. 6 with note from private investors, 1 with wellsfargo, and 2 I own outright. Can I take money out or someone leverage the two properties I own? Like a Heloc for investment property?