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Hi BP folks,I have a question for 1031 exchange, here's a scenario:Relinquished property sales price: $180,000, remaining loan balance $102,000.Replacement properties (3 properties):Property A: $80,000Property B: $85,...
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Hello all, I am wondering if the 3x the rent income rule applies to the entire household or each individual tenant. I have 3 friends/roommates looking to move into one of my units and 2 of them make 4x their portion o...
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Hello all,I wanted to know what rates and terms that people are seeing from subprime lenders for multifamily acquisition?Thank you for sharing!
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I understand the basics requirements of creating a primary residence but dont see clarity on what actually constitutes the majority of the year spent there. Are there specific guidelines that specify "majority" equals...
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Hey there so I’m looking to house hack soon. What requirements do you requiere your tenants? And what tools do you use to do background checks and credit score? And where do you usually advertise your duplex?
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Hi BiggerPockets community!In regards to the minimum 1 year primary residence requirements for first time home loans or for places like a condo with an HOA that requires it to be your primary residence to be used as a...
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I am looking at purchasing a SFH rental where someone committed suicide in Ohio. I have 2 questions for you...
1. What are your thoughts on the ethics on providing notification to renters that a suicide occurred in ...
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What are the requirements for a fha loan? I’ve been at my job for 6 months and I’ve worked a ton of hours. Nearly 1500. I am looking to invest in a multi family home with 3-4 units. I am looking to make this move this...
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Hi,I'm living in Germany for almost 2 years and will be moving back to the US next month. Is it possible to get a FHA loan with only a few months of income? My income taxes (for the last 2 years) show little to no inc...
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The city of Los Angeles is not currently requiring solar for new ADUs. How about other cities around Southern California?