Hello,I'm about to close escrow on a situation where I plan on creating a seller carry back note and then immediately selling the note after closing. I would appreciate feedback and opinions on if this was smart or a ...
Hello,I just recently bought a 4 bedroom house in Phoenix. I am 24 years old and have 3 roommates renting out the other rooms. I currently have about 26k in liquid cash I am saving up to eventually get my 2nd property...
Hello All, I converted my primary residence where I lived for the last 4 years to rental property in the year 2021. While filing taxes for 2021 - I claimed depreciation on my property which amounted to 21,000$. My exp...
I contacted my Mortgage Broker and told him I was interested in buying a Triplex with an FHA loan and living in one of the units and his response was good luck with that. He said I would have about 1% chance of gettin...
I'm a new BRRRR investor looking for my first single-family deal and I just finished David Green's book on the BRRRR strategy. I've been listening to BP podcasts and came across two podcasts that mention delayed finan...
Hi everyone!Any input on this would be greatly appreciated! I am considering buying a live-in flip with my parents and sister before the end of the year in the Phoenix area. The main thing I am nervous about is how th...
Hi!
My husband put a duplex under contract for $225K. He wants to finance 75% and submitted the mortgage application with all requested documentation. He has strong W-2 income, excellent credit, a bank statement sho...
Hi - I am a government lawyer in Washington D.C. where I work on national security and civil liberties issues. Found out about BiggerPockets through the podcast, which I have been devouring daily.
I travel a...
I have a question about DTI calculations. I have my primary residence and also a multi-family rental property. I know my DTI not including the rental property but I am not sure how to factor in the rental property. ...
Question?Would you hold a rental for 10 years with little to no cash flow to have 100% cash flow once it is paid off? You only get tax depreciation, principal pay down, market appreciation in trade for your time runni...