Ronald Rucker II
SINGLE FAMILY, DUPLEX, TRIPLEX $100K-$300K FOR JOINT APPLICANTS
Hello BP Family! My name is Ronald and I'm going to jump right into it.I'm currently looking to secure a joint loan with myself, my mother and fiance for a property in Houston, Tx. A little about our situation: I h...
Ronald Rucker II
SINGLE FAMILY, DUPLEX, TRIPLEX $100K-$300K FOR JOINT APPLICANTS
Hello BP Family! My name is Ronald and I'm going to jump right into it.I'm currently looking to secure a joint loan with myself, my mother and fiance for a property in Houston, Tx. A little about our situation: I h...
Matias Torres
Our first step towards financial independence!
Investment Info:
Single-family residence other investment in Rialto.
Purchase price: $335,000
Cash invested: $10,000
Sale price: $560,000
This was my wife and I's first home, we bought it as a pr...
Todd Goedeke
Solo 401k and Short Term Rentals
How can I use Solo 401k money to fund this investment? I lease a property which I have turned into a short term rental. I am the property manager taking care of marketing and day to day operations. Can I use funds fro...
Caleb Gray
House Hack Improvements on Personal Side - Tax Implications
Hello BP,I recently did a small amount of improvement (<$1000) on one side of a duplex that I am now living in. Projects included installing vinyl plank flooring in two rooms, refinishing kitchen cabinets, and inst...
Account Closed
DSCR Calculation in Multifamily with Upside
Hi everyone, I have heard a lot about DSCR loans, which sound promising for several reasons (feel free to give your opinion if you think otherwise). However, I'm wondering how to manage the disconnect between the comm...
Robert Carter
What do buyers mean when they say...
I know watching HGTV is not real life, I get it. But a potential buyer qualified for a $550K home but they selected a home that was $499K. Then the buyer said "oh great now we can use the other 50k to make upgrades ...
Alik Levin
HELOC interest deduction - New Tax Law
Dear all,What's the definitive answer - and preferably pointer to authoritative resource - regarding deductability of interest on HELOC with the passage of new Tax Law? I do realize that HELOC interest deduction now o...
David P.
How to optimize land value for multi-unit rental property development after demolition of current house?
Situation:
Two old houses have been demolished. We have enough land for a 25-unit apartment. The costs have already accrued for the demolition and permit for the new apartment is approved. The improvement cost includ...
Josh Anderson
First deal and 203k questions.
Dear BP!So after reading, and watching, and more reading. A deal I think fell in my lap. The quick and dirty.6 units, each is a 2-1, street parking in a up and coming area. Rent goes for 750-800 in the heart of Birmin...