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When seeing if applicants are qualified to rent in my unit, can I combine all the incomes from all the adults who will be living there? Or is it just based on the person who will be signing the lease?
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Since we got started fifteen months ago, we’ve closed on eleven units. We buy multi families in the northeast for long term holds, and so far our cash outlay has gotten a 15-18% annual return. So far we've used person...
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I'm looking at buying a 4-plex with an FHA loan in Tucson, AZ. I found a great property in a nice area that cashflows; however, the listing is actually 2 parcels with a duplex on each. I'd like to combine the two parc...
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I'm not familiar with the loan side of rentals. Hoping someone here can help. We have a sfr paid in cash worth $150 and another sfr with a loan of $80,000 and worth $140. This one has an interest rate of a cruddy 6%....
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I've got an odd combination of closings this week. One closing will pay off a note I funded; the other will originate a note. The same investor is involved on the sell side of both transactions. He is selling a r...
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I have a question. I own a property outright that is 650k. It has been my primary residence but I want to move. Could I rent it out for a year and then do a combination of a 1031 exchange. Take 400k to buy an investme...
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To make a long story short my stepdad and I started a home improvement/property service business in the early 2000s. We eventually still did property services but he took care of some services while I took care of oth...
Hello BP Nation,
I am quickly approaching the 10 mortgage limit, after only getting my first investment property 5 months ago, and I have a question regarding SDIRAs.
Can I combine my Roth IRA and my Traditional IR...
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Hello!I'm trying to drum up this conversation as I have only seen limited info on it on BP and I feel like I have a good idea. I am making my start in investing as a whole in the Quad Cities. For those of you familiar...
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Hello,
My parents have a primary residence purchased for $45k. Recent comps in their neighborhood are in the $1 million range. Even with a exclusion of gain under Section 121 (MFJ: $500k), they are looking at over $...