I have been in the buy and hold strategy for many years and own 4 rental properties. I own a condo out right and have enjoyed the passive rental income. However, I would like to get more involved in buy, fix and fli...
I am planning on taking over my mom's house. I was thinking of starting an LLC and making my mom a member so she can deed over the title to the LLC. Then, I was hoping to take out a business loan to make repairs on ...
Hello BP Community, Hope all is well! I recently Purchased a Duplex utilizing an FHA. The Property is a fixer upper, and as I'm slowly fixing it, more issues are arising. when I initially Purchased the Property, the H...
Hi guys & happy New Year! I just recently did a cash-out refi on my rental property at 75% ARV. Is it possible to take out a HELOC on the remaining 25% equity for a down payment on my next rental property? (The c...
Hi all, looking for a quick overview of which type of rental expenses counts against your debt to income ratio and which do not? For instance, I am assuming that any utilities I pay are a straight expense, but what ab...
Hi all! Newbie here. I was chatting with my mom a few weeks ago about an area for potential growth where homes are currently under the $50k mark — a.k.a., an area that's ripe for a newcomer like me to invest. I could ...
I created an LLC in 2019 to invest in an opportunity zone, and now those properties are getting ready to close. I need to get lending for these properties, but as I understand the OZ qualifications, the properties nee...
My husband and I just purchased an owner-occupied duplex, and it’s completely vacant. We purchased in a desirable part of Los Angeles and got it for 200k under asking, so we already have some equity. Both units need a...
So my situation is I just started Door Dashing full time this year in January. Which means I can't get any of your standard refinance loans because I get a 1099 as a basic business owner and I don't have enough time i...
I have been reading all the great articles on my Bigger Pockets emails, but have not entered into the forum until now. My wife just inherited a free-and-clear single family home worth about $90,000. We thought this wo...