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Hi! I'm based out of Jersey City and have spent the last two years trying to find a deal that would align with my goals. I'm hoping to start off with multi-family properties and then move on to commercial. I really wa...
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A young potential tenant (college dropout I believe in early 20s) has applied and has excellent credit score and credit check but the credit history is just a year long or so. Trying to setup the business so no W2/Tax...
I sold two properties last year, one of which was a rental, but both pass the look back test. Would I be able to claim the exclusion of gain for my primary residence and claim a partial exclusion for my renal or vise ...
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Hi BP COMMUNITY,
I have been learning about REI for the past year now and have been saving some cash in the meantime and now I want to jump in the game. If anyone has tips or advice on the things I should / shouldn't...
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Okay, here are the current numbers
PI plus PMI = 400/month. Interest is 6.75% PMI is about $27/month. I believe its an effective apr of about 7.5%.
30 year PITI = 575
Mortgage balance = 56,000
assume appraisal shou...
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Hello BP,I understand a lot of 1031 questions have been asked on the forums, but here's my situation:Purchased my first property with a home possible loan, i'm currently living in it and rehabbing it, i was going to r...
This is a bit long winded, stick with me.
My wife and I have live in flipped 2 houses, doing most the work ourselves over the past 10 years. Takes forever, lots of learning, have made great money. 2 years ago we ...
I have some great tenants that have recently began pressuring me to sell the house to them. I wasn't thinking about it much until they proposed it, and being how crazy the market is right now I'm really thinking it's ...
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I hope this isn't a weird question.So, I plan on purchasing my first personal residence in a few months and have a question. Do you all try and find a super good off the market deal or go the traditional route(findin...