Benson Chi
Advice on how to dissuade someone from purchasing a property?
BP,A person I will name, Bob, once lived in Hawaii and wants to purchase a Hawaiian property for the sole purpose of having a vacation home for his family and extended family. In most situations, this is a thoughtful ...
Lee Common
The government has just released one of the most shocking federal budget reports of all time.
Check out this article in Money & Markets and let me know your opinions.
http://www.moneyandmarkets.com/last-nail-in-the-coffin-29223
Brad D.
South American Purchases 8 NYC Apartments
This is interesting. https://www.wsj.com/articles/south-american-family-buys-eight-new-york-apartments-to-stash-cash-amid-coronavirus-11586952028Let me be clear. I definitely think real estate will drop in almost ever...
Bret Treadway
Debt-to-income ratio question
I’m still a newbie and I’m considering a 4-plex in Texas. I’m set up where I can use a fha loan and put down 3.5%. At first it seemed like a no brainer but my concern is that I won’t be able to acquire more rental pro...
Diane Cornelius
CT landlords must return tenants' security deposit, w/ interest, w/in 21 days, not 30
I was so happy to have access to a Connecticut lease agreement and other key documents with my Pro membership. This saved me tons of time drafting these documents from scratch. Note however, as of October 1, 2023, Con...
Brian Jones
Borrowing within an LLC
I have a credit issue which I am working on but will take some time. In the meantime I have access to a 150k line of credit that is interest only for 1 year. My question is can I buy a house cash with the Line of cred...
Sara McConnell
New Here and Excited to Learn!
Hello BP community!I'm Sara and my husband is Kevin. Kevin just finished up his service in the Navy and in July we are moving to Laramie, WY so he can complete his degree at UWyo. We are looking into multi-family prop...
Nicholas Anderson
Renting Out Your Upgraded Home, Worth it?
Hello everyone! I've been lurking on BP for a while now and reading the site without a username for even longer. I'm still doing research and learning before jumping into RE investing so no experience to speak of be...
Jose Duque
Home office/storage room IRS audit
Hey all. This year i got a dreaded letter from the irs asking to provide more information on my rental property. In own a 2 family with 3 rooms each. I live in one of the two apartments in 1 of the 3 units. The other ...
Gaurav Mehta
Recommendations for Kitchen Cabinets in Rental
Hi,
Remodeling a fixer upper that I bought in July. The property is in an A neighborhood (in San Jose, CA) and is a single family home (4bedroom/2bathroom). Rents are between 3-3.5K.
The house is rather old and had...