I recently had a conversation with my lender and mentioned I would be purchasing a property as my primary residence. I would live there while fixing it up then renting it out in a year. She cautioned I need to be ca...
Hello, we bought a house a year ago and are currently going through the refinancing. My husband has handled the refinancing so I am not sure of the terms (waiting for it to be finalized to review).
Can you typically...
Has anybody had experience converting a home into an assisted living facility? We are thinking of buying a 2500 sq ft SFH and extending it to 4,500 sq ft (from 6bed/3bath to 14bed/7bath). We have an operator willing t...
Who on here has extensive experience and knowledge managing a bigger Multifamily property?I am managing an 80 unit complex in Utah that is a section 42 Low-Income Property. The owners enforced a blanket increase to th...
Hello BP familyI am currently putting an investment property on the market with the idea of doing a 1031 exchange. I would like to by an SFR and "house hack" - live in one room and rent out the others. But, I was read...
Hi all,I am planning on purchasing a SFR with the intention of living in it for 2-3 years, making upgrades, and selling when I move out. Would this be considered an investment property where I can deduct depreciation...
Hi everyone! I am looking to switch jobs and also buy a property with one of my parents in 2023 here in the OC. My credit is good and I think together we have a potentially good down payment . My concerns are the foll...
I'm looking to turn my primary residence into a rental when I move out. The previous owners did not take care of the landscape and it has been difficult bringing it back to life (front yard and back yard). I am curiou...
Hi everyone,
Do small banks/portfolio lenders have the same underwriting requirements regarding rental income as fannie/freddie? ie. 2 year schedule E rental income on tax returns.
I have $1550/mo (with rental agre...
Rent prices have steadily risen for as long as we can remember. But, few of us would have ever expected the unimaginable rent hikes of 2020-2022. With major metros seeing double-digit year-over-year rent percentage bu...