I have two roommates who are now living with me. I am curious if the income generated from this would require the 2 year rental income requirement that most banks require in order to count rental income in DTI ratios....
I'm new to the world of real estate. I've read multiple books and I want to get going on investing in real estate. I'm looking for someone in Utah that would be willing to help me out in anyway they can.
Hello everyone,
I’ve been lurking the forums for some time and using the search bar to find this but to no avail.
It’s a house hacking tax question.
Anyway, a bit of background on my particular scenario: I boug...
Hello!In 2017 I took the leap and now have a live in flip (will wrap up in March), a triplex, and an air bnb (transition to regular rental in 2018). I'm ready to hand in my Newbie badge and do more deals.BP has lots o...
Hi All! I am new to BP in Dallas Texas (Plano specifically) and interested in networking and learning all there is about the wonderful world of house flipping. My partner and I have been doing research for the last se...
Hi BP'ers,Just want to ask everyone's opinion on this and know that i should have asked earlier.Entered a contract to purchase a 6-bedroom SFH near University area and have been worrying about the following:1. Is it L...
I highly recommend The Section 8 Bible series of landlording books written by Micheal McLean. There is volume I and volume II available from Amazon.
I think the information is relevant to anyone who is a landlord be...
Gross Income: $132,000
12 - two-bedroom, 1 bathroom units
Fully occupied
Interesting quirk - 4 units leased as furnished corporate rentals to large multi-national corporation with plant nearby. These units are on ...
Hello future mentor,Anthony here. I was told "closed mouths don't get fed" Soooo, I'm currently seeking a mentor, adviser or someone I could shadow in the wholesaling arena. I've read some material on wholesaling bu...
Fellow BP'ers,Thank you for taking the time to read my intro! I'll do my best to keep it concise and interesting :)About me: - Interest in real estate started while in college (Rich Dad Poor Dad)- Worked in sales and...