How much downpayment would be required for a multi family building with approx 30 units asking price 3 million.

So I have 3 applicants (a brother and 2 sisters) who don't work but get SSI disability income. Rent for my property is $850/mo, and I am requiring 3x the monthly income, which is $2550/mo in income. Combining all 3...

Hello BP nation! So a while ago I posted that I had some cash and what to do with it. A few suggested that I lend it and/or provide them with bridge/gap funding. My question is how do I secure that and make sure I get...

As far as I have read this is a state-by-state law so I am ONLY talking about California here. On line D of chapter 49.2 it states that, “Nothing in this Chapter shall preclude a landlord from exercising his or her di...

Hi Everyone,

I am new to the landlord business....and I've been doing a lot of research in the past few days to get ready. I've compiled a list of steps that I need to do before I find tenants, and I wanted t...

Don´t know if this the correct forum here, but I want to know how high can I get a tax depreciation for this year (2010) when I buy an house this month for only $5k for a fix and flip in May 2011?
Thanks.

-Uwe

Good morning BP,Today I began looking into securities lawyers and corporate structures and I am curious if anyone can explain how a fund works.I was listening to BPP recently and one of the early ones had an individua...

Hi folks,

When I check one applicant through mysmartmove.com. It shows SSN mismatch. The credit score is over 800 and no other problems.The system suggests that I accept.

Should I consider accept or decline?
Thank...

Hi All,
I am about to purchase a 2-unit property in Chicago for 100k. It is an REO so I am not getting good responses from the seller. Here is my concern:
The property is already rented. 
a. The seller says one of ...

I have a question regarding supplemental property taxes. Let's say I have a multi-unit property that I renovated in 2018, thus I received a supplemental property tax bill due to the increased value. Would it be accura...