Here is an interesting bit of info I have not seen mentioned previously. For investment properties, you can have only up to 10 properties financed. However there is no limit when getting a mortgage for a primary re...
Hi BiggerPockets community! My name's Adri Christiano and my boyfriend @Austin Remus and I are just starting out with the goal to buy our first house by the end of 2022. We would appreciate any advice that you have ab...
I'm in the process of getting a loan for an investment property in my wife's name. I put it solely in her name because I thought it would be easier since she has a good paying job and all the other property debts are ...
Hello BiggerPockets community! I hope everyone is safe during these uncertain times. I am happy to say my wife and I are finally leaping out of analysis paralysis and purchasing our first buy and hold property. We a...
Hey BP Family!
I am starting to analyze deals for my first house hack here in Houston Texas. I have a 780+ credit score, absolutely no debt, and I just graduated college into a real estate investing job where I am o...
Just seeking for second opinion on this Tax situation: I am a fulltime Investor and I according to the IRS Sec 469c I qualify for the "Active" status, BUT my wife has a fulltime job with, w2 salary. We own an S Corp ...
I purchased a home in Marietta GA off Terrell Mill and Delk Road by the new schools that are being built over 1.5 yrs ago. My house value has been climbing and I want to sell to downsize and open more funds for my RE...
Purchase Price = $126,500
Sell Price = $185,000
Don't think it matters for this, but Debt currently on it = $126,700 (purchased with 103% loan).
Owned for 25 months
I was told an Excise tax in the area of $3500.
Ca...
Looking to fill my first rental property and looking to confirm the minimum income.I have read in the BP book that we should look for a minimum gross income of 3x the rent. My question is if I have two people (not ma...
Hi, rookie question here. I've been trying to rent out my unit (first time, had inherited tenant before), I have an applicant who makes 5x the rent, but far best income of all applicants so far. However, it is an unma...