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Hey folks! Hope all of you are well.So I bought an 11-unit package just 2 years ago. 1 quadplex, 3 duplexes, 1 small block house. All next to each other on two plots.I finance with a commercial loan at 5.75%. Spoke w...
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I listened to a BiggerPockets podcast a few months ago. The person they were interviewing talked about buying the property with cash putting the cost of the rehab in escrow at closing. This bypasses the refi seasoning...
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Hello,I met with my CPA yesterday and we discussed my rental portfolio and remodels completed on recently purchased properties.She asked whether these were repairs or improvements. Apparently you can deduct repairs, ...
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Hello BP community,I've been on BP for almost 2 months now and its been such a great experience. I know so much more about REI and I am very excited to buy my first investment property. One thing that I keep hearing o...
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Hey Everyone! I am looking for some help with the situation I am in. I live in Alberta, Canada and I currently have the opportunity to get my first rental unit filled with tenants already. Due to our market up here in...
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Have a question on something mentioned in sellers disclosure on the contract. In the disclosure section, seller mentioned that “they are aware of leaks or material defects in the roofs, ceilings or chimney”. In the ad...
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I am looking at buying my first property, and was just crunching some numbers for a high level estimate, and I see that i actually have a higher ROI if I buy with a mortgage and 20% downpayment than if i buy the prope...
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Good evening BPers, I’m sure everyone has been tuned in to things like the Stock market, crypto , tech millionaires & Real estate of course. I can’t help but to see the large amount of self proclaimed veterans in ...
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I am considering a "strategic default" of my condo property in California. I bought it as my primary residence in 2004, but have rented it out for the past two years. I am more than $100K underwater, and do not qualif...
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I found a great house on Zillow , I contacted the listing agent for a walk through so I could see how much work would be needed for the house so fix up , with that being said I’m stuck with questions . Whats next aft...