John Taylor
Looking for input on a seller financing deal
I have a seller that has offered to seller finance a 6 unit apartment. I offered $180k and cash flow is at the low end of where I like it. Seller wants $200k. At $200k it drops the cash flow by $100 per month. Sin...
Christopher Cross
Family vs REI...mutually exclusive?
Hi everyone,This is my first forum post as I am relatively new to the BP community and the REI lifestyle. I say "lifestyle" because everything I have gleaned so far seems like this world must be an integral part of y...
Patrick O'Neill
Are Multi-Family units Commercial
Hello BiggerPockets Community,I was listing to/watching one of the BiggerPockets webinars, and Brandon Turner mentioned that he liked 2, 3 and 4 family multi-unit properties because they are considered residential... ...
Mayur Dewaikar
San Antonio - Excess Inventory?
I am looking to buy a single family long-term rental in the San Antonio, TX area. In reviewing the current inventory, both for sale and for rent, it appears that there is an excess of homes available in the area. Many...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Cynthia Dimitroff
NEED ADVICE ON LEASE RENEWAL
We need input: Our renter has requested to extend their lease by one year in exchange for a discount--they noticed rents in the area have decreased. I researched using realtor.com and it appears March rents have de...
N/A N/A
Whats my problem??
OK here is the deal. I already own one rent house in my home town [Rural West Texas]. I have owned it for about 9 mths. I want to buy another one for about 21k about 3k in repairs and it will bring 400 a month. I d...
Thuy Pham-Satrappe
Pay $5000 to change asbestos siding or $400/yr more for insurance
Deciding whether to invest an additional $5000 toward covering asbestos siding to decrease my insurance cost by about $400/ year. Assuming rates stay the same (or increase equally each year) it would take about 12 ye...
Kyle Smith
Sewer Pipe Replacement Increase Home Value?
A duplex that I own is getting the entire sewer line replaced as the original line has failed. My question is will this increase the value of the property or is this going to be considered a sunk cost to just keep the...
Tom Server
Where to see rates
How can i see what rates are from investment property purchases? Im in the middle of buying a no owner occupied triplex and my lender locked in about last week.. i keep seeing stuff online about rates are dropping....