RJ Jackson
Rental that doesn't meet the 1% rule
Thoughts about purchasing a brand new home that doesn't meet the 1% rule.
It's near a new elementary in a growing area outside of Austin. 205k, 3/2, rent is about 1500 in the area. It will be my first rental which is...
Crystal Oneill
First Time Trying To Wholesale A Home And Not Sure What To Do
Hello - I am trying to do my first wholesale deal. The property is in Indianapolis which is where I live and the owner lives in California. We agreed on a price, so I filled out and sent him the contract and he is p...
Account Closed
Kiyosaki talk. Write off RE with business??
Hi, I was watching a kiyosaki vid, and I heard him talk about Jared Kushner not paying taxes in regards to 3 forms of income. I’m not totally sure what’s being said here and I’m not asking for the “safe” “sounds real...
Masta Purba
Tenants Want To Use Their 2 Mos Deposit To Pay Last 2 Mos Rents
Hello, this is my first post eventhough I am always actively following and reading Biggerpockets. I have a question regarding a rental property I currently own in Miami, FL. I am a long distance landlord and I live i...
Jason Hatfield
Quit Claim subject to Existing Mortgage Deed
I am currently in a BINDING contract with a SELLER of a residential piece of property an I am the BUYER for the sum of $20,000.00. The contract is seasoned, and is sitting at a Title company ready to close. There is a...
Kelvin He
Is operating with negative cash flow a good move?
Hello, this post is an update to my previous post : To summarize that post: buying a house for ~$250k w/ a 30-yr fixed rate loan, will try to lease it out for ~$2k a month, monthly expenses are ~2.2k a month.The fixed...
Mike Holland
Hello from Las Vegas, NV
Hello all,My name is Michael Holland and I wondered across the Biggerpockets pod cast on YouTube and decided to join the forum. I am 33 years old and a 14 year Air Force veteran. I was recently separated becaus...
Mabel L.
Re: What would you do with a lifetime leased unit?
I need some input for a SF specific situation that no one but those who knows the tenants laws in SF could possibly understand:I purchased a 1 bdrm TIC to live in, moved back home temporarily (so I thought) when my mo...
David Hodge
Helping mother-in-law find cashflow
My mother-in-law recently sold her primary residence and downsized since the kids are all moved out. She's looking for something that would provide her with good cash flow as she is very close to retiring. She doesn...
Luke Stewart
Downtown Chicago Midterm Rentals
I am looking to buy a condo in the city using a second home loan. I know all the second home loan requirements so no need to hash that out here. I am more interested in people who do midterm rentals, anything over 1 m...