Hi BP!
I am trying to evaluate how large CapEx should be when evaluating a property if the HOA includes the roof and siding. My rough rule of thumb has been 10% of rents for newer single families and 15% of rents for...
Say you start a STR and use the loophole to write off 100k from W2 salary. 2 yrs later the rental goes underwater and you have to give it up at huge loss. What happens with recapture of that loophole money?
Is there a formula to understand whether a real estate is class C or not?
I am planning to buy my first investment property which is a brand new town home 2 miles south of James river in Manchester, VA city ( exactly 3 miles from Virginia State Capital ).
I started listening to the podcast...
I am in the process of purchasing an REO property but have now had the closing date moved twice by the bank because of problems with the title. The title company says they cannot insure it due to the bank foreclosi...
Anyone here currently using an an STR strategy in the New Hampshire lakes region? Recently (under a year) relocated to the area and after a long search including 30+ houses/multiple offers set to close on primary in a...
Hey everyone,
I joined BP over the Summer but this is my first post so I'm really excited and ready to meet and learn from you all! I'm always open to tips and new ideas! Help is always welcome and is gre...
I spoke with an attorney today (not an SEC attorney) and I want to see who can comment as to the truth of what was said.She told me in the state of Michigan, I am allowed to raise up to $1,000,000 from residence of MI...
Hello Everyone,
A couple questions/clarifications. So from what I have gathered most people use a variety of means to fund down payments on new investment properties. I personally am planning on using the e...
I'm finding with my lender that they don't want to lend me with less than 20% in the property, even if the numbers look good. Why is that? They say it's Fannie May rules. How do I skirt that? i asked them about PMI, t...