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How can I prove to a bank that a property is going to make money based on projected numbers? I think more specifically is it even possible? My thought process is that I do not have the funds to purchase a house but I ...
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I came across a mobile home on 1 acre of land. Located on a paved road, with all untilties installed. It's a dbl wide with 2bd/2ba. The land alone is assessed over $100,000. There's also other additions like a deck ...
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I’m a newbie and this will be my first deal. I found a great quad that is listed for $220,000 and I want to offer $200,000. It is fully occupied and produces $2400 per month income. I really want to do this deal but I...
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I'm starting to look for deals in Jacksonville, FL ( 32204, 32205, 32207, 32216, 32211, 32225) to buy a Duplex using a FHA 203k loan and rent out half while living in the other unit.My question is, when you use the FH...
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Does anyone have tips for maximizing a first conventional loan amount?I want to do this because the market I have chosen is a STR vacation area, and the properties with more bedrooms and bathrooms have a better ROI, a...
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I recently rented my house to move in with my elderly mother. Renting added income to retire. After two years I understand for tax purposes I sell it as a rental. Is it worth keeping and renting or should I just sell ...
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Hello Biggerpockets community I need your helpAfter Repair Value- 389,000Seller is Asking Price- 319,000(I'm going to try to negotiate 272,000...
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I have a quick question. When screening prospective tenants we look for an income at least 3x the rent amount. So for example if we charge 4k for a house that means they have to make at least 12k to qualify. Now my qu...
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I'm looking a property on several acres with an established horse stable for 2 horses. The listing says there's also an "Arena, Paddocks, Pasture, Tack Room" in addition to the stable. If you can't tell, I don't know ...
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So it’s not a new thing anyone have any experience with this in rentals? I’m thinking of charging a higher rent while collecting on additional tax benefits while using the initial cost as a business write off.