Bei He
When purchase a property, isn't buyer pay agent fees better?
I consider myself an "little" investor mainly do buy and hold rental properties. So far, I bought 3 properties including my primary residence.However I noticed that usually seller pays for 6% buyer and seller agent fe...
Sarah Camic
Seeking Advice: Pre-approval Process
Hey all!My fiancé, Nick, and I are going to be making our first big move in investing within the next year. We are planning on buying a 3-4 unit multifamily in Maine and house hacking for a year. Right now, I am unsur...
Nat Rojas
Appraised 3rd Bedroom? Rental Property Walkout Basement
Hi BP family!Recently purchased our first rental home in Baltimore City, Maryland using Hard Money. We need to confirm whether we can turn the basement into a 3rd bedroom. The house is currently listed as 2 bed, 1 bat...
Adam Lawrence
Loan on personal property
I’ve got two goals for the next 12 months. One is to buy a multi family property, 5 or more units. My other goal is to buy a home. I’be got 5 kids and 3 bedrooms so I’ve got to get a bigger house.My understanding is t...
Karen Margrave
COMING UP TO THE 1,000,000 POST ... WHAT MEMBERS HAVE BEEN HERE THE LONGEST?
How exciting, BP is coming up to 1,000,000 POSTS! What a fete for @Joshua Dorkin next to him, who has been here the longest? @Jon Holdman ? I just want to say CONGRATULATIONS to all of you that stuck it out in the ear...
Greg R.
Question about DTI, Surprising lender response
Hey guys, first off thanks for taking the time and providing feedback. I got a very surprising response from a lender for a property that I'm in contract for. Short background, I own 3 properties... two of them multi ...
Angelo Cortez
Closing STR in December, but won't get STR permit until January. (STR W2 Taxes)
As title says - I'm closing on an STR in December, but I likely won't get the STR permit for it (Sacramento) until January. Is there a way I can still get the tax deductions for 2023? What if I furnished it in 2023 an...
David Maldonado
Getting a GC license as an Owner builder
Hey everyone,So I applied to test for a GC license in California, but was short on experience. My BA got me 24 months of experience and my owner builder experience only gave me 4 months. As an owner builder, I built 3...
Steven Barr
Are most Craigslist deals a scam?
Has anyone ever bought a property off Craigslist to flip? We are looking right now, and there are some great deals. However, no one is answering their phone, and we have noticed that we are calling the same 5 numbers ...
Tara Ballenger
FHA downsizing rule?
Have any of you come across FHA’s supposed rule that you can’t buy a 2-4 unit property if the unit you plan to owner occupy is significantly smaller than the residence you currently own or are moving from? What are th...