Alex Kohler
FHA loan, down payment, cashflow
Hi BP!I had a quick question.... If you use and FHA loan for 3.5% down on a small multifamily property can it still cashflow (or at least pay mortgage) if I live in one of the units? Or will I have to put at least 20%...
David V.
several tax questions
Hello everyone, i just signed up to Bigger Pockets tonight after about reviewing the sites content for about a month. Best site I have come across to date. With this said, I am fairly new to RE investing, I boug...
Ian McCaul
New member from Colorado
Greetings all. I am a new member from the Denver metro area. I am currently building a tiny house to live in to greatly reduce my monthly expenses and travel more freely. I currently work as a software engineer and wi...
CL Ziegler
Short term note, Long term note. Which is better?
I’m a little conflicted about different borrowing strategies. (this is kindof a follow-up post to my earlier threads on 20% and payoffs)
If it’s better to borrow indefinitely, then why doesn’t EVERYBODY a...
Chris Olson
Buying an Investment Property - What do you think?
I have a ton of equity in my primary home and I plan to stay here for another 12 to 15 years. My current loan is around 100K at 2.75% interest and estimated value of 650K. My payoff would be in 2021.
I have an oppor...
Taylor Green
Thoughts on cash reserves - HELOC acceptable?
Hi,
I have a question on cash reserves for a property. I am going to try and save 5-10% of my projected cash flow every month to put in reserve, as well as anything above my projected cash flow each month. My...
Esaul Viramontes
Deal or No Deal?!?
owner financed property with 50% down on a 90 K sales price at 6% interest fully amortized in 10 yrs. Move in ready in great area with rents in the 800-950 range.......deal or no deal?
Isaiah Cuellar
Buy and hold tax benefits?
What are all of the possible tax deductions when claiming a rental property? And assuming I have a rental property paid off, and I have a W-2 job, do I save money on both taxes? Or one or the other? Also is there any ...
Scott P.
Can you not depreciate for taxes?
Hi,
I am trying to fully understand taxation of rental properties before I make my first purchase. The scenario I'm looking at is a buy-and-hold strategy (100% cash) that would generate a moderate amount of income (...
Glory Dasilva
Buying rental property
Hi everyone, I’m trying to acquire a property in Albany, NY. Do you think I should go for it based on the numbers below?The property price is $205KTotal Monthly income from the 3 units: $2,583. Monthly expenses: $2,32...