I own a condo in BC but live in the US. I had issues with renting out the place earlier, and the current rent doesn't cover even the mortgage interest, let alone other expenses like property tax, insurance etc. The cu...
Lot's of interesting info here, I wish I could use some of it now but in a deep well so asking if anyone might be able to offer some thought.
Situation: We bought a property 18 months ago thinking we would be stayin...
Hi, I've recently been looking into loans, and approval for loans. The one question I have yet to get answered is when should I go to a lender to get pre-approved. I plan on buying my first rental property towards the...
Hi all, I am considering buying a home using subject to process. The sellers may want to purchase a home in the future. My question is about what road blocks they may run into if they do and can we or I do something t...
The perfect property that checks all my boxes for a short term rental just hit the market today and I don’t have financing in place!I would like to put in a full price offer on a studio near the ski area of Big Sky Re...
I have a general question about purchasing a multi-family with 5 or more units. I've heard from a few sources that banks will not question your income when looking for a loan on this many units. For example, if I were...
Hello everyone, My question is in reference to buying my first duplex. I have a friend who owns 2 duplexes in Los Angeles and one single family dwelling in Texas. He is quite motivated in getting rid of these propert...
Hi BP! I'm a newbie to the RE world, but have been listening to Real Estate Rookie and the BP Real Estate Podcasts religiously over the past 4 months. My best friend from grad school has been listening to both podcast...
How much monthly rental income do you need to NET (what goes in your pocket after loans, repairs, taxes, etc.) to quit your job?
I have about 100 k equity in our family home in the outskirts of Vegas ( pahrump) we are going to list the house in the next two weeks and move back to Vegas. Our long term plan is not to live in Vegas but with my job...