We are new investors, just starting out. We were pre approved for a commercial loan, but should we try for conventional? Or something else? We paid off the conventional loan on our primary residence a few years ago,...
Good evening all! I am currently stationed in San Diego, California, though my home of record is in Southwest Florida. Was considering buying here but I came to the conclusion that real estate is expensive as hell in ...
Hello BP Community,I am in desperate need of insight here. I purchased an up and down duplex in Upstate New York March 2021. Its an old home built in 1910 that definitely has needed and continues to need major work. W...
Hi BPeeps,My name is Eimer, my husband and I are currently on a posting in Indonesia and plan to return in 2026 to the Colorado area. We are interested in getting a head start on our "new lives" and want to get a few ...
Hey all!Will be relocating from Portland, OR to Atlanta in the next 1-2 months. Our house in Portland is on the market, and we need to sell it in order to afford the down payment for an Atlanta purchase.The question: ...
Good morning, looking for advice on how to hand the following situation:We're currently residing in a single family house that we'd like to rent. I was pre-approved for a conventional mortgage and found a 2-unit hous...
Hey all,I live in a condo here in Southern California that I co-own with my parents as "Tenants in Common." They had a cabin property that they rolled over via 1031 exchange into this condo back in 2007. I put a small...
Hi guys, have a couple of questions as a first time landlord.1) Do I need to pay taxes on my rental income? How do I report it? How does the IRS know how much I am renting my property out for?2) Can you rent out your ...
I currently live in a single-family primary residence. Next year, I plan to purchase a second home and move into it. I intend to rent out my current home as a short-term rental. Before listing it on an STR platform, I...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
This investment is what I call "Buying with the end in mind". I had the resident in place before the home was ...