Bidkar Salazar
Qualifying for FHA loan if you already own a property free amd clear.
Good afternoon everyone. I'm trying to get all my questions out of the way before I pursue my 1st rental. Could anyone help me by answering this question. Can I qualify for an FHA loan on a second property when I al...
James Marszalek
PLOC Bank Referral Needed
Hello everyone! I've got a single family rental in Spokane that has positive cash flow. I'm interested in getting a Secured Line of Credit for about $1,200 to accelerate the mortgage so I can pull a HELOC later down t...
John Alosio
Tax Question - Put into service as a rental
Hello Great people of BP!I have a question regarding depreciated improvements on a rental property. I do have a CPA. But I just wanted to get a second opinion on my situation.
My first question: This past year I move...
Brenda Lee
Tax Expense Deduction
We just recently purchased a rental property in Utah from out of state. Prior to renting out the home we will have to fly out there to prep the home for rent. Just wondering if we can count expenses incurred for fly...
Account Closed
Seller requiring proof of funds and offer
Hello everyone! My husband and I are new investors and are currently looking for our first property. I found a triplex that cash flows, however the seller is requiring proof of funds and that an offer be made before t...
Account Closed
Grandma’s house - seeking advice
Hi folks - newer to BP but a young striving REI, I’m looking into an option for capital to start my REI journey. bottom line: grandma moved into senior facility. My dad and his brother are looking to sell her home.sit...
Peace Lily
FHA denied the mortgage from 2-family Multi to 3-family Multi
Dear BP Members,I have a question and hope to get your advice. I lived in a 2-family house for one year on conventional financing as my primary residence. I recently just moved out and rented out the whole house. T...
Yusef Laboo
Va loan
if you have a VA loan you're sitting on a gold mine and you didn't even know it
Rafaella Almeida
Using home equity instead of Hard Money
Hello BP community,My husband and I have equity in our home and our rental. We want to expand our portfolio with hopes to be financially free. My husband does not like the idea of getting a HELOC for he thinks it is t...
Phillip Austin
Nightmare Tenant - This is why you need a property manager!
One of the best examples I found this year as to why you need a property manager (especially in Colorado). This client chose not to use our services and instead, tried to self-manage their primary. This was the very f...