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I want to buy a rental as a secondary home for 10% down financing, and lower interest rate. How long do I actually have to occupy it to meet lender requirements? I know the lender has a disclosure I have to sign sta...
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I'm working on my first deal and I want some feedback from BP. I'm using conventional financing with 20% down. I increased the "expense variables" just to have a little safetynet on my number. the property is a duplex...
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Hey Bigger Pockets community. Me and my wife just moved to Oregon. I'm looking into starting a checking account/ relationship with a bank or Credit union that is Investor friendly around Albany , Stayton or surround...
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It was suggested to me to get used to running the numbers/ analyzing properties that I might be interested in. I'm using the BRRR Calculator and I'm wondering if the same questions the calculator is asking me, I shoul...
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Experienced real estate investor John Schaub says that paying for a full fire insurance policy is a waste, because you never get a full payout. He says to shop around for a policy that will allow insuring 50% of a pro...
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Both my mentor and our mutual real estate attorney both strongly recommended filing a mechanics lien at time of closing. My wife is the buyer and I am the contractor. I plan on asking them to fully explain why this ...
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As I’m preparing my taxes on turbo tax again this year for my 10 SFRs, I was curious to hear what people’s experiences have been with the IRS on an audit. Chime in if you’ve ever had one for real estate investments an...
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Over the past couple of years we've seen a pretty big surge in average rental rates in Memphis. There has not been a corresponding spike in wages or a massive influx of new jobs. Any thoughts on what is driving this...
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Greetings, and Happy Holidays to you all!I'm highly considering a property, selling for $350k, 100% occupied, $3k/month, i.e., 36k per year. Mortgage 2k/month.This is my first property, so I'm being lead by a guru (wh...
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Okay so I bought a book lease options and subject to deals, I am reading it but I have some questions. And I know this is kind of a broad and open ended question, but maybe someone can politely enlighten me, how do le...