Lindsay G.
Writing off renovation expenses
Hello. I am almost done completing a half a million dollar gut renovation on a 2 family. I will be living in one unit and renting out the other unit. Am I able to write off the renovation expenses for my taxes? One C...
Dexter Belling
Refinance into FHA or conventional
Hi BP community!
I'm searching for any and all advice on refinancing my primary residence (single-family home). I've gotten quotes from a couple of different lenders and with a low-interest rate of 2.99% it would app...
Carlos Toussaint
Closing Cost for Seller Financing????????????
Hey Guys, I have a deal at hand that's quite expensive for an all Cash deal but Seller is willing to entertain Seller financing terms. I've crunch my numbers, but I'm missing one important factor, which is Closing cos...
Steven Rogers
Getting a second loan for another Primary Residence Loan
I'm considering getting a conventional loan on a multi-plex property, with putting 25% down and having it marked as a primary residence loan.I am planning to possibly buy a nicer single family house for me to live in ...
Nate S.
Is it a good idea to REFI now?
My main goal is to get a Duplex or Tri-Plex. I inherited my moms house, I figured I would be paying more interest if I wait next year to REFI because it has $5k HAMP incentive. I owe $42k on it but I'm paying 2% atm a...
Chris Friberg
FHA/VA/USDA Loans
My fiancé and I recently purchased a Tri-Plex in my name only with an FHA loan. Our goal is to purchase our next property with my VA, then a property with an FHA in her name. A couple questions:1. Will banks conti...
Brandt Welch
How to Finance My Second Property
Hello BP community!I recently purchased my first home about 8 months ago and I'm looking to buy another in the area to rent out. I had a conversation with a lender this morning and he mentioned that the underwriter fo...
Michelle Kline
First Post! Rehab Resources
Hi all - first post here, but not new to the community! We have 3 doors in Winston Salem, and are exploring doing our first purchase that would involve a rehab. I understand the high level strategy of the BRRRR method...
Jordan Penor
Conventional Loans Probably Don't Work For Young Investors
What I am about to say might not be a surprise to more experienced investors, but being so new to real estate I was very disappointed when my loan request got rejected by my local credit union. I hope some people can ...
Christopher Giannino
Biweekly Mortgage Payments
I spoke with my aunt yesterday and she mentioned how she is all for the Biweekly Mortgage Payments because it really helped her save money. By paying the mortgage more frequently, she cut down the total interest owed...