Tom Castilaw
Should I rent my house out? Check my numbers?
So my wife and I originally bought our house with the intent to rent it out after living in it for 2 years. We are around that 2 year mark and trying to look for another house to move into but want to make sure that o...
Ron Gosling
Seeking answers from RE agents and community on a short sale.
My wife and I have made a cash offer for a buy and hold short sale SFH property back in mid-January. The owners accepted the offer and the paperwork was forwarded to the lender for final approval. We expected a long...
Laura Rose
subject to loan or new financing?
Does anyone have any advise on purchasing 5 unit rental via purchasing existing LLC and subject to existing loan (obviously the lender could call the loan if discovered) - saves transfer/recording fees for seller/buye...
Nooshin Detches
Underwriter Lender Rules for Partnerships
Hi everyone, Our LLC owns a single-family property in Southern California which was purchased for all cash a few years ago. We have had great tenants in the property since March. We want to refinance this property and...
Sara Ant
What Would You Do if You were Me?
• Single, 41, no anchors. Debt-free with perfect credit. Never owned a home. Have no "dream" location, traveled lots and haven't found a place I wanted to stay yet, I like to move, I love change. • 10 years in renta...
Rich Leone
Converting a Duplex to a Triplex in Saint Paul
Are there any landlords out there in the MN BP community that have experience working with the city of St Paul on rezoning or getting a variance on a rental? We are in the process of closing on a duplex in the North E...
Chad McDaniel
How much of a bank roll do you recommend?
In a previous tread (What does it take to be successful) the following was stated:
"Like any business the number one way to increase chances of success is to be well capitalized.
Everyone talks about getting into RE...
Jennipher Jess
Can you do zero down and keep your current house?
Hello everyone on BP, I am new here. My husband and I have done 2 live in flips and are currently living in our 3rd one. However, we love this house. We cannot sell it as of yet for many reasons. That said, we just re...
Yeshua Smith
Can you deduct real estate purchases from your taxable income?
Hi, I'm new to real estate investing. I was wondering if I form an LLC to use for making investments, could I deduct the purchase of real estate from my regular income? For instance, let's say I make $200,000 a year f...
Raphael Thomas
Detroit Area
Hello there BP
My name is Raphael and I am new to real estate investing. I have built up my education, went to a few seminars and joined a REIA in my local area. I think I'm ready to do my first deal. I would be doing...