Ken Virzi
Not being able to count rents as income is killing me
My tax guy is good, so he shows my rentals as taking losses with depreciation etc and as a result when I go to get more loans, I cannot count my rental income. Since banks will look at my mortgages but cannot count a...
Wesley Sitser
Debt-to-Income Affecting Ability to Get Loan - HELP!
Ok, so like it says in the title.I am trying to obtain a loan. The issue is not that I cannot get a large amount for a loan. It is that the payments need to be $1150 or less per month. In my area that is near impossib...
Nilton Lisboa
is it ever a good idea to pay 14% more for seller financing?
I am looking at a 29 unit apartment building (brick/flat roof) that is worth $2.2M. It is 100% occupied and needs $100k in upgrades (value added items only) plus parking lot pavement of another $60k cost. The seller...
David Rushton
Owner Finance - Buying a Duplex from a Family Member
Looking for advice! So my wife’s Auntie is trying to sell her duplex Lincoln Square, Chicago. She isn’t getting the price she wants and I just feel this is like a great opportunity for me to get it. I haven’t approach...
Mario Arellano
HELOC option for our next investment purchase?
Hello Members, I would like to ask for your experiences/stories/advice on HELOCs. We have 2 rentals with a large amount of equity and a cash out refi on one of them fell through b/c the property is no longer our prima...
Karim Karawia
SFR in Chicago 4br/2ba First Deal
H,I'm hoping to find get some advice on a this deal I'm looking at in the Chicago, IL area. It would be my first deal and want to make sure that I make the right decision before I acquire it. My investing goal is to ...
Surendran Palanimuthu
Hello Bay area Investors
Hi All,
I joined Bp recently. I have been looking for rental property investments for a long time in bay area. Bp webinars/podcasts has changed my view on REI. Im looking forward to learn more and act.
Happy Inves...
Paul Anderson
Can’t decide what direction to go...
My husband and I are stuck and don’t know what to do....need help! Here is our situation:When we got married, he moved into my home. We started renting his townhouse to his parents (I know...renting to family, not the...
Nadya Babanskaya
Financing Advice /Tips
Hi everyone! Newbie here looking to jump in and buy my first rental property very soon. I keep going back and forth on financing it, here are the 2 options I’m looking at and would love if anyone could help me walk th...
Account Closed
Inspection results: when to walk away?
Hi BP community,Once the inspection has been done, when do you walk away from a deal? I know there's no one answer to that but I'm facing that as I evaluate a fourplex opportunity.It's a brick building that is fully l...