Emerson Hazell
Bank FHA requiring 25% down
Hello,
So I have been planning on purchasing my first property ever. My plan has been to buy a duplex or a triplex, be an owner occupant in one of the units, and put 3.5% down. Thinking this is very common with many ...
Tony Chen
Comparing two properties
Hi All,I am trying to decide which property to invest in. All inputs are welcome. Both are at the same priceProperty A: Lot is 7,000 sq ft and the house is 2,700 sq ft. 4 bedrooms with an extra room that can be conver...
Derek Askew
HELOC and Property Values
Hey BP community, 2 Part questions with a bit of a background story:Wanted to get a grasp on HELOC’s and property values. I have about 25K of equity on a duplex I’m house hacking.I have the property under an LLC and I...
Helen Mejia
Investing in New Jersey
Hi Everyone, I’m looking to invest in a multi-unit in NJ for the first time. What areas or Cities are the best right now?
J Chen
tenant after foreclosure sale
We recently purchased a house from foreclosure auction with a tenant in it. The previous owner seems to have abandoned it. The rental lease was signed with HOA since HOA was in possession of the house before the forec...
Christian Thompson
Roll1031 Rental into my Former Primary Residence that I now rent?
Scenario:Sell a rental I've held for many years in an LLC. Net $250K1031 the $250K into my former primary residence which has been a rental for the past year, but lived in 2 of the past 5 as my primary res. I hold t...
Louise McEwen
Getting creative with a potential off market flip
Hi Everyone,I am looking to purchase a single family, in Chandler, AZ, and have been out bid a couple of times already. The MLS drops a new address and it's under contract within 24 hours. So I am trying to be creativ...
David Ounanian
What is the standard for raising rent?
The standard for raising rent varies depending on local laws, regulations, and rental agreements. However, there are some general guidelines and considerations that landlords typically follow:Check local laws: Diffe...
Kody Henderson
Tax assessed value 120k less than asking
Looking for advice.
I found a small multifamily for sale and the tax assessed value is $120k less than the asking price. Rents are slightly below market and has long term tenants in place.
At the full asking pr...
Tyler Lough
Do you feel bad sending low offers? How about receiving them?
I'm just getting started and have a lot of prospective homes in mind that would likely do well, given a very specific set of numbers. Those numbers rely almost entirely on offering below asking, but I don't believe it...