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Good afternoon from Colorado! I've worked as a mortgage processor for about 2 years but still have a ton of learning to do! I'm looking to make my first investment in real estate this year. I've analyzed quite a few d...
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My husband and I are just getting started, we are still learning and hoping to make a move within the next year. Although we are excited about learning and helping each other understand what the other doesn’t we have ...
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My husband inherited an IRA from his mother in October 2019. It's currently worth $175K. We want to use the money to invest in real estate. He is 51, and from what we understand from the advisor, we have to take out a...
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Hello everyone! Newbie here, trying to buy my very first property as owner-occupied and I'm very excited! I have a few questions that I want to get some advice from the pros in our lovely community ^^Background:I'm re...
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Hello BP community, Looking for some traction on a problem I'm running into.
Last year June 18th 2021, I purchased a 4 plex with a FHA Loan to house hack. As we are approaching this upcoming year I was wanting to d...
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SITUATION 1:I purchased a house with a VA loan (this means I cannot rent it out) for $225K located in Long Island NY. The current mortgage is $200K. The current rental value is $2,400. The PITI on the house is $1300. ...
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Hello BP community,I’ve owned my rental since January of this year.Out of the 4 months that our new tenant has been renting from me, they have been late on the rent 3 times so far. Mostly they pay anywhere from the 8t...
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Weird situation and question. Manage home that sits on a lot of acres and quite rural, tenants have security cameras up around the house. They called me yesterday and said someone was at the house and trying to get in...
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In one unit of the duplex we're looking at there is an upstairs that leads to a bedroom, bathroom and another bedroom that is not closed off (sort of like a loft space). Essentially you have to walk through the open b...
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Hey guys. I've been analyzing some deals in Memphis that appear to be over the 1% rule but do not appear to cash flow? I just wanted to make sure I'm doing this right or if I'm overestimating some things here. ARV of ...