Bella Gilbert
What are considered “good” deals
As i’m browsing through and reading the different topics. I keep seeing PROS mention if the deal is “good” enough, new wholesalers should have no problem with getting good cash buyers on their lists. What exactly is a...
John Hanson
Schedule E Hurts... When you want to buy again.
I bought a condo as my Primary Residence in July 2011. A few weeks later, I began renting out a room.
In January 2012, I rented out a second room and continued living there with two tenants until July 2012.
In Ju...
Jennifer Farnsworth
Question on partnership
Hello All-
I am looking to partner with 2 investors on purchasing a 8 plex. My question is what would be a fair percentage to offer? This would be our first deal so I want make sure everyone comes out good! Thanks ...
Jake Gaudet
Househacking in Cleveland - Canadian on a P1 Visa?
Looking to get some advice from the BP community. I'm currently looking to find a DP in the Cleveland area that I will live in / house hack for the next two years (possibly longer) . I recently signed a 2 year contrac...
Mike Lowery
SoCal Market
I am interested in moving out to SoCal. The question I have for the members of BP is this; what is the average or typical capital requirement for a NEWBIE in the SoCal region? I mainly am looking at the metro San Dieg...
Jared Fisher
Reserves during a recesssion
I'm looking to invest in my first rental property this year and was wondering how many months of reserves should I have saved up considering we are in a recession? I want to make sure I have a cushion in place, but I ...
Chad Davis
Using a HELOC to househack
My wife and I are looking to get a duplex or up to a fourplex in Utah county, Davis county, or Weber county. We are going to use a HELOC to buy a place, we are doing a FHA loan so we are only putting 3.5% down. We are...
Christian Sidaros
70% ARV Financing?
Hi everyone, I’ve flipped 4 houses in the last couple of years and now I’m looking for a new lender to work with. My current hard money lender has been good however the extra costs on top of the down payment have been...
Tyler Ridings
New Job vs First-time Homebuyer Loans
Will switching to a new career impact me in a negative way if I want to apply for a first-time mortgage the same year? I want to buy either a duplex, triplex, or quadplex. It does not have to be my primary residence. ...
Nathan Schoenborn
Best Strategy Tax-wise for cashing out on a flip
I am flipping a house in Milwaukee, WI and am trying to figure out the best strategy for cashing out. From what I can gather, I have 3 options. Sell the house right away, rent it for awhile then sell it, or do some ...