Hello all tax professionals on BP, I would like to reach out to the knowledge base to see if any of you have dealt with a similar situation as addressed below and how to properly handle it. Thank you in advance!Topics...
I am doing a cash-out refinance on my investment property. I will be using the money to invest in another investment property. Do I have to put the money into a 1031 exchange if I plan on purchasing before the end o...
Looking for opinions.........2/1 SFH in Missouri. Bought for $33,500, B/C neighborhood. We have rentals in this same area so expecting $750-800 rent. Taxes, insurance $1000 together for the year. Nicely fenced in ...
I'm trying to come up with a way to purchase and rehab a home for myself. I've now done 4 flip rehabs so I have experience with the renovation work. The issue that I am running into is the downpayment requirements (...
I have been told(by a loan broker) that our building won't pass a seismic, even though it has the Los Angeles required retrofit improvements, because it is a five story brick building, and generally they don't pass a...
Hi all,
I’m planning to get into real estate investing and I want to refinance my home as soon as possible, but I’m not sure where to start. My wife and I bought our home for $250k and according to Zillow, it’s now w...
https://www.cnbc.com/2020/08/13/mortgage-refinancing-more-expensive-as-fannie-mae-freddie-mac-raise-fees.html
How do y'all see this new fee affecting your deal analysis for your BRRRR investments?
See example belowBuy property 1mil 250k down 750k loan (ignore CC). NOI 80k, int exp 45k, post finance NOI 35k less depreciation 31k, taxable income 4kFast forward 7 years value is up 250k, income up, etc....do a 250k...
Hello Biggerpockets family!, we started our LLC 3 months ago and have little income from 2 JVs, but really hoping to get properties under our own title, do cosmetic improvements resell and be able to grow. We were thi...
I want to get started but fearful bad credit will prevent me from getting a mortgage or rehab loan. Any ideas on how to do so ?