Ben Staples
Tenant with a sales job, how do I verify income??
Hi All,I'm new to the game and have a question. I understand the rule of verifying that the potential tenant's monthly income is 3X the monthly rent. A potential tenant seems like a nice guy, his application looks g...
David Egger
Section 179 Question - Vehicle Purchase and using mileage on previous vehicle
With the section 179 deductions, I know I'm allowed to accelerate depreciation of a vehicle based on business use. However, the vehicle in question was purchased in mid-December 2012, and I only put a couple hundred ...
Dan Ward
Selling home after living in it for 1 year!!
So here is the situation, my wife and I purchased our home exactly one year ago and I recently accepted a job offer about 2 hours away. When we purchased the home we put 10k down and now we have realized that if we se...
Mike Barry
Help with analyzing first Brrrr deal
Hi BP community,
I was hoping to present my 1st possible Brrrr deal to see if any members feel Im on the right track to pull the trigger. I have utilized a cash out refi in past for further financing but on a propert...
Maranda Tucker
Why Rental Listings in Charlotte Stayed on the Market Longer This Winter
If you're a landlord or investor in the Charlotte area, you might have noticed something unusual in the rental market this winter. Historically, the average days on market (DOM) for rental properties only increases by...
Devan Sprayberry
How to NOT put 20% down at a bank and not pay PMI.
So I know this sounds crazy and almost impossible right? So my bank (Navy Federal- a credit union) has conventional loans to where you can put down 3% and still have 0 PMI. It’s crazy. The downfall is that I don’t see...
Charles Bailey
When to or when not to pay contractors
When should you pay a contractor? Should you pay them in increments, with a deposit in the beginning, again midway through the project and lastly once the project is complete? Or is there a better way to protect both ...
David Rogers
First Investment House Hack 203k Loan
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lakewood.
Purchase price: $100,000
Cash invested: $20,000
This is my first house hack deal. My fiance and I bought the hou...
Kathleen McCabe
New Investor - If you were me, what would you do?
Hi all, I need some advice on a deal. I found a 3 bed / 3 bath house listed for 70K in Fort Worth Tx, 2,327 sqft. All the surrounding houses are listed for around 240K. The average rent for 3 bedrooms in the area is $...
Rebecca Rios
Buying Unit for Child to Rent
Hi there! Super newbie here and so thankful for all the great BP advice. My 19yo daughter is looking for her first apartment with a roommate. I’m considering just buying an (ugly) SFH or condo that I could lightly reh...