I am going to buy my first rental property soon. As many of you know, you need to wait 2 years for rental income to count, so I'm going to need to wait 2 years to buy that second properrty.
I was thinking of ways aro...
Hi all! Been lurking for a while as I catch up on the podcasts, etc.About to close (next week or two) on my first 'turnkey' SFR through HomeUnion (great experience so far, ask me if you need details, I've read all the...
Hello, I'm currently putting a plan together that involves me selling my 3 duplexes + 1 condo and using 100% proceeds towards a down payment for a larger 8-16 Unit building. It's definitely more complex than describe...
Hello everyone, I am new to investing and new to BP but am excited to be here!Background info: I currently own a house and did a house hack and planning to hack another part of my house to generate some more cash flow...
Hi! My wife and I are new to real estate investing. Since we are planning to purchase and move into a new home for our primary residence, we are trying to figure out if our current home will cashflow well. Our situa...
Does anyone know of any strategies to start winding down a real estate portfolio? I've had a good run and developed approximately 1.4MM in equity between nine different rental properties I have acquired over the years...
I owe 110,000 on our personal residents that was just appraised at 260,000. Now I'm new so this might be a silly question but here it is. If I took out a heloc on 80 percent of the 150,000 now and the housing market d...
Hey all,
I guess this isn't my first home, but it is my first home that I am buying to personally live in with my wife. And according to a bank, I am a first time home buyer.
Anyway, here is the scoop. I have been ...
I am wondering how many mortgages a person is allowed. When it boils down in real estate, I know leverage is key especially with rental properties. But I have heard that banks will only lend a certain number of mortga...
I have a property that I would like to do a 1031 exchange. The property is valued at $440k. I owe $140k. Let’s say that the sale generates $300k profit for simplicity. (Not included closing costs etc) 1. I need to pu...