Jim Breedlove
Insurance: Program Business for Single family rentals
I've been checking around with several Texas agents to to get insurance for 8 single family rentals in the name of the LLC that owns the houses. A couple of agents have suggested getting coverage under surplus lines...
Tim Swierczek
Loan Guidelines vs Overlay’s - The differences between lenders
I received the following question via private message today and it reminded me that most consumers don’t understand where lender's guidelines can be different and in what situation lenders must remain the same. Below...
Scott Ellis
Repaid HELOC - Does it need to season?
Here's my scenario with hypothetical numbers. I'm in Spokane, WA.I have a $50K HELOC that is maxed out. I have a personal line of credit for $50K with a $0 balance.I can use a HELOC for a down payment on a convention...
Chris Bunya
In-law Suite - Allowances - Colorado
I'm considering the best options for house hacking in Denver and the surrounding areas. My wife and I are going back and forth on the pros/cons of a duplex vs a single family home with an in-law suite. However, I ca...
Ethan Fischer
Tax implications of turning primary residences into rentals?
My wife and I are looking to buy our third property. Our first is a STR in a great market and is starting to cashflow. We bought it as our first property before buying our primary residence. We now have a primary resi...
Dan DeGroff
Help! Seasonal Employee In Expensive Market Looking To Buy Primary Res Out of State
Hello everyone and thank you in advance for taking the time to help me with a personal situation. This is my first time making a post on Bigger Pockets so bear with me. My end goal is to house hack a multifamily home...
Anup Jung Karki
Dscr & 203k loan for investment property!!
Hello,I am looking to purchase a investment property in DFW, Texas with my friend. She bought a house in March/April of 2023 with 20% down payment. So, what are the criteria to get qualified for DSCR loan as well as r...
Matt Liu
Renters in your own house... separate areas?
Let's say you buy a single family as an owner-occupant, with the goal of having a couple renters to defray the monthly bills. But let's say the town does not easily allow conversion from singles to multis anymore. Can...
Frank Fiore Jr
To Short Sale or Not To Short Sale That Is The Question?
I realize there is no sure fire way to guarantee a lender will agree to a short sale and in a lot of cases it seems to come down to "the bottom line", will it be it more profitable; or should I say less costly; tha...
Tony Thompson
My Dad Gives Bad Advice. Help
Disclaimer: I am not racist, but my dad may be.
I am marketing my first rental and have had a few calls. My dad advises me not to rent to colored people because he says the property value will drop, it will alienat...