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I'm trying to learn more about REI and am having a little trouble with the 2% and 50% rules. I understand the concept, but I'm having a hard time believing that they're regularly feasible.I currently own one rental pr...
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Dear Biggerpockets membersA section 8 tenant of mine filed a conversion lawsuit against me claiming I was responsible for her missing belongings worth $100,000. I got a lawyer, she lost the case and I asked the judge ...
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Hi Everyone! First off, thanks for making this such a great community. It's humbling how many knowledgeable, supportive, and generally rad people there are on here!I just moved to the area from N Idaho; I'm an RN in t...
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Hi all, I am an immigrant (please forgive my English) and a newbie in real estate/commercial investment industry in this country. The only experience I had was buying my current condo in 2012. I was totally lost by si...
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I've been moving along in the process of getting a home equity loan on my second home, but I just ran into a snag. The company I'm working with won't count rental income until it has been collected for two years. My d...
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Is there any way rent-by-the-room income can be counted for owner-occupied SFH mortgage qualification?Also, if the house has an ADU, can the ADU's or the main house's rental income count for qualification?Thanks!
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(Note: I posted this in the Wholesaling forum by accident so I am reposting here to get help, Sorry!!)
I will submit my first 3 offers tomorrow on some REO properties. I wanted to know if it is standard to not enter ...
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There are some new tax laws in effect and others that are sunsetting, making our 2023 taxes look a bit different.
Inflation Reduction Act Updates
45L Energy-Efficient Home Tax CreditThe revisions to this tax credi...
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Title says it all.... here is the address and unit..... i advise to look at the comps via redfin or zillow to see what similar condos in the same building and nearby building have sold for....is this too good to be tr...
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We all know the 1,2% when it comes to renting. How about a rule on the return you can get on improving/rehabbing a rental unit to raise rents, is there a general rule for that?For example, I have a multifamily of 3 un...