Matt W.
Noob dumb tax question.
OK apologies in advance if this is a dumb question, but I'm not quite getting it. Background, this is my first rental, manage and maintain it myself. In Wilmington, NC. Small 3br/2ba. Total payment is $794 and rents ...
Nathanael Leece
Is a House Hack worth it if it wont cashflow right away?
I am very new and looking to do a house hack for my first property. The problem is that I live in Upstate New York. Every decent looking duplex I find costs over $200,000. When I do the analysis I find that the prop...
Brad Roche
Using a No-Ratio Loan to buy a Primary Residence
What is a no-ratio loan? Much like a DSCR loan for an investment property- a no ratio loan does not look at your Debt-to-income ratio (DTI). They are mainly focused on your credit score and cash reserves. This is a gr...
Eric Huebner
What terms would you negotiate for a seller financing package?
Hello BP!I have an opportunity to purchase an 8 family apartment building in Wisconsin from a family friend. The owner owns the property free and clear and is looking to retire from the business. The owner said he is ...
Sieanna Ariel
Owner-occupied 203k Multifamily
If one is to go about real estate using a FHA loan specifically the 203k for rehab and purchasing, what will cover the owner-occupied expenses the first year? What happens during the one year period of occupying a mul...
Takeo Kingi
How did you present a rent increase
Hey guys,I’m about 3 months away from having to renew my renters lease. I know this is an odd time, so two questions. First what’s your thought on increasing your rent during this time (my tenant is in the medical fie...
Robert Hooks
4 unit - to refi to a 10 yr fixed or not?
Hello,I have a question about a situation I am in and I am trying to weigh the pros & cons.I currently own a 4 unit property that has approximately 25 years remaining on the 30 year fixed loan @ 4.375%.Current pay...
Sandy Tan
Finance situation and first rental property
Am I in a good finance position to buy a rental property? My husband and I are thinking to purchase our first rental property upstate ny for about $200k so we can have another source of passive income. Here is our num...
Josh B.
Loan advice for house hacking
What loan would you shoot for with the intent to house hack? And why? I have about $20,000 to invest. I’ve been leaning on FHA. I understand there is a PMI, which certainly adds up. I also understand, you must live th...
Matt Henderson
Refinance question for BRRRR - New to the game
I'm reading about BRRRR and trying to educate myself as much as possible before investing in my first rental property. I'm stuck on one thing in the BRRRR model with the Refinance. In an example I read, person bought ...