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Here is an interesting bit of info I have not seen mentioned previously. For investment properties, you can have only up to 10 properties financed. However there is no limit when getting a mortgage for a primary re...
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Hi BiggerPockets community! My name's Adri Christiano and my boyfriend @Austin Remus and I are just starting out with the goal to buy our first house by the end of 2022. We would appreciate any advice that you have ab...
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I'm in the process of getting a loan for an investment property in my wife's name. I put it solely in her name because I thought it would be easier since she has a good paying job and all the other property debts are ...
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Hello BiggerPockets community! I hope everyone is safe during these uncertain times. I am happy to say my wife and I are finally leaping out of analysis paralysis and purchasing our first buy and hold property. We a...
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Hey BP Family!
I am starting to analyze deals for my first house hack here in Houston Texas. I have a 780+ credit score, absolutely no debt, and I just graduated college into a real estate investing job where I am o...
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Just seeking for second opinion on this Tax situation: I am a fulltime Investor and I according to the IRS Sec 469c I qualify for the "Active" status, BUT my wife has a fulltime job with, w2 salary. We own an S Corp ...
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I purchased a home in Marietta GA off Terrell Mill and Delk Road by the new schools that are being built over 1.5 yrs ago. My house value has been climbing and I want to sell to downsize and open more funds for my RE...
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Purchase Price = $126,500
Sell Price = $185,000
Don't think it matters for this, but Debt currently on it = $126,700 (purchased with 103% loan).
Owned for 25 months
I was told an Excise tax in the area of $3500.
Ca...
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Looking to fill my first rental property and looking to confirm the minimum income.I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not ma...
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Hi, rookie question here. I've been trying to rent out my unit (first time, had inherited tenant before), I have an applicant who makes 5x the rent, but far best income of all applicants so far. However, it is an unma...