Terry Hoefer
duplex buy/hold for cash flow, reconsider post-inspection?
We had our offer accepted on a upper/lower duplex in a mostly single family area, so no real comps to go by. The house itself is solid, nice woodwork, 3 bed, 1 bath each. Upper rents for $800. Was asking $155,900, too...
Gavin Kitzi
Is a used tire shop profitable?
I have the option to have a used tire shop put in my name. It's in the middle of town and quite a few customers come everyday. It does need a little renovation though. The particleboard roof tiles are trashed and it n...
Nicholas Anderson
Renting Out Your Upgraded Home, Worth it?
Hello everyone! I've been lurking on BP for a while now and reading the site without a username for even longer. I'm still doing research and learning before jumping into RE investing so no experience to speak of be...
David Denzy
Don’t meet income requirement for conventional mortgage
I am a 2020 college graduate and I just started my career as a commercial real estate agent. I am on a team in Columbus Ohio focused on Manufactured Housing. I chose the career as a vehicle to ownership and to learn a...
Wesley Myers
Tax question regarding write offs
In the process of getting our STR ready for next season to begin renting in March 2021. We’ve been spending quite a bit of money updating but I just realized we won’t be able to claim these expenses in 2021 when it’s ...
Charlene Byssainthe
Is the Fannie Mae home style loan competitive enough?
Are people finding that in this market it’s harder to get under contract on a property with a Fannie Mae Homestyle loan? My husband and I are trying to purchase, but the prices in ATL are crazy. We thought it’d be a l...
Julie Miller
I flipped over this mill house!
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $121,000
Cash invested: $114,000
Sale price: $330,000
This was my first fix & flip! After running my numbe...
Fred Sams
Structural Integrity of a Load Bearing Beam
Is a 4” x 6” x 12’ structurally as sound as a 4” x 8” x 12’ beam, when used as a load bearing beam?Having some home renovation done consisting of widening the opening at dining room and living room. With this widening...
TJ Woolum
Refinance for Line of Credit
Hello everyone,I currently have a portfolio of 10 SFH rentals. 6 of these are on 30 year conventional mortgages with rates anywhere from 3.18% to 5.25%. 3 are on a 5/20 ARM at 5.1% and 1 I just closed on a 5/20 ARM at...
Daniel Setnikar
First Investment Property Loan Options
Looking to purchase my first investment property which will be a vacation rental. What are my options to obtain money for the down payment and renovation costs? Seems like the only option would be a personal loan o...