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My wife told me that she heard rental income up to the price of the mortgage was not required to be reported for tax reasons. I have never heard this and to me it sounds wrong but when I mentioned it she said that I w...
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Hello,
I am an aspiring investor looking to acquire my first rental property. I am hoping to find reputable lenders who lend based on the asset, not the borrower. I do not have any credit which is something I know ...
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My fiancé and I just looked at a property tonight as our first potential rental property and are looking for advice on whether or not it would pose as a good deal. It is a single family home. The property is listed at...
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Hello Bigger Pockets! I am a newbie with an interest in Multifamily properties. I am currently learning to use the BP calculators to evaluate whether or not a property is a good deal! I am having trouble with estimati...
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Hi, i am very new to real estate deals. We got our first house in west orange NJ in 2007 when prices had not hit rock bottom yet. We lost a lot of equity in that house. However when we moved out of that house in 2014 ...
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Hey, folks,I'm interested to hear if/where others are successfully BRRRRing in western MI. I grew up a little southeast from GR and now living on the west coast (summers here remind me a lot of MI... with the bonus o...
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This past weekend we had two different applications for two different properties that had one thing in common. Both applicants submitted totally fake W-2s. You can’t just rely on automated screenings. You really need...
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I have an 18 year old tenant that has been paying on time since he started renting from me (just 4 months ago). I told him about a house i am flipping and he wants to buy it.
His credit score is 710. But he has n...
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Hi BP,As a new "real estate investor," you can get overwhelmed with the influx of information that is available. I have read multiple real estate books, currently listening to every BP podcast (currently on #59), con...