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I started the process over 3 months ago. They quoted me at 85 LTV, I then confirmed a month letter once assigned an agent told her my building was 4 units and she quoted 85 LTV and about 1.25 over prime. Then another ...
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Hello All!Posting this to 1031 Exchanges because it seems most related, sorry if I messed that up!Based on what's been released about the Opportunity Zones program, I'm having trouble figuring out the following:1. It ...
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I was reading an old BP article posted by Jeff Brown regarding the use of excess depreciation and how it could be used in replacement of 1031 exchanges: http://www.biggerpockets.com/renewsblog/2010/01/05/150k-year-exc...
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We have found a 4-unit multi-family property built in 1984 listed at $499,000. Each unit is 2BR/1.5Bth and they currently have tenants in each, though one is moving out at the end of the month. Our thought is that we ...
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This is by no means all of the guidelines..... Just some basics. This past month FHA has gotten much more strict and fine tuned their guidelines. Single Family Residence or The rental units are an owner-occupied two (...
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My plan is to never sell and keep forever for rental income. My goal is to buy, pay off, then duplicate over and over. The home is 4 bed/2 bath/2 car 2006 year built 2,000 sf block. Purchase price $115,000 and I estim...
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Hello all at BP. I am currently trying to figure out the best strategy for my goals which is to buy my first property. I am not sure which market to look into as right now I am currently in new york and was told my be...
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Curious who BP members are using for Chicago specifically? Feel free to PM if prefer. Thank you!
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I have seen that many of you have an LLC. What are the benefits to a landlord that only has one property.
Should I create one?
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Hi everyone. I have lurked on the board for a while and read it but I have a specific question and would love some experienced people to help me figure out if my thought process is correct. Please move this if it's in...