I am curious about if smart locks, lights, thermostats and any other smart device property improvements could be counted toward cost segregation. Does anyone have any idea if this is possible and if not, could you ela...
Hi all,It's a fact that having an accountability partner can increase your chances of success by quite a lot. I've heard solid estimates of 33% to 50%. I run a real estate meetup in Louisville KY with several hundred...
Here in WI, as in most US states, you need a broker's license in order to manage other people's properties. But you can, ofc, manage your own.What does 'your own' mean when there are entities involved?What does 'manag...
Stats
Congratulations BP community.
How do you determine income qualifications for Section 8 tenants? Is it different from tenants who aren't on Section 8? Does 3x rent still qualify considering their income is obviously low considering they are receiv...
Hi, I heard Pace Morby on BP Podcast talk about wiping a person's DTI 100% after 1 year simply by using a servicing company. This scenario would be if I took over a mortgage via subject to and the seller would not hav...
I am marketing a couple of rental properties and have several people interested. The problem is that the people I would like to rent to do not qualify individually but do qualify as a couple. Should I keep looking for...
I am seeing a lot of people on BP with more than four mortgages at a time.
My question is, how do you get approval for so many mortgages so quickly?
My realtor previously told me that it takes two years to be able t...
I’m interested in learning as much as I can in real estate and I believe that comes from learning about others experiences and their journeys as well. If anyone is interested in the Los Angeles area maybe we can do a ...
BP's, I am looking into getting a HELOC on my primary residence and I was wondering if it will effect my DTI ratio when I go and apply for a conventional or commercial loan in the near future? For instance: If I get a...