Hi everyone,I am looking to buy a 38 family, and heard that FHA does loans purchases such as this. If anyone has any knowledge of the requirements to meet FHA requirements. thanks Jafry
Hello,I bought my first duplex using a conforming loan bought by Fannie Mae. I've lived there for several years and its worked out great. I'm past the required occupancy period and I don't pay PMI. The rate is 3.75% w...
I am trying to get a handle on the new taxes codes in regards to expensing versus capitalizing and depreciating. I have heard that the new laws basically state that "replacing" something such as a roof, AC unit, etc i...
I understand traditional rentals require vacancy, maintenance, CapEx, property management, taxes, and insurance. Other than utilities, what other expenses should I be aware of before I buy my first STR. Thank you in a...
I am looking to inject (contribute) some money into one of my LLC to finance some new acquisition this year.I am refinancing my home (that is under my own name) and will use the cash out as contribution into the LLC.I...
Hello all!What tax strategies can I utilize this year? I am a full-time W2 employee and part-time real estate investor in California. I invest locally and out of state in fix-and-flip and buy-and-hold properties. This...
First post for a New BP member! So here goes... Just bought my first duplex with the potential to cash flow nicely, according to my calculations. I bought this duplex using my VA loan requiring no down. My wife is bus...
I currently have eight long-term rental with one more closing on December 1, 2021. I recently started marketing terms of less than 12 months. Good idea or not a good idea? Why or why not? If it a good idea besides...
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I've made the decision and am working toward getting licensed as an agent (well, it's "broker") here in Illinois. And yet, I'm doing so to break out of the corporate world so I can devote 100% of my time to real esta...