Troy Parker
Can Renovations Reduce Insurance Costs? A Florida Homeowner's Strategy
Hello BiggerPockets community,
As a first-time homeowner in Florida, I've encountered some unique challenges, including the need to pay for an insurance policy upfront for a year in escrow due to the home's initial c...
Michael Win
Loan vs all cash purchase
I know people purchase properties with all cash. Can someone explain to me why anyone purchase a property with all cash rather than finance it. I just bought 6 duplexes and here are the numbers for the two options....
Payman A.
Do you ask for proof of rental payment history?
Hi everyone,So I'm in escrow for a 4plex that is fully occupied and currently manged by what seems to be an experienced and well organized firm. 1 of the units has been occupied since 2010, 2 since March, and 1 since...
Steve J.
Should I create an LLC?
Hello BP,I am house hacking a single family and living in the basement. I hired a PM for the top unit, and they are requesting my social to report my rent income so it can be taxed. Since I am house hacking and this i...
Kieran Dowling
Buying a Mixed use building using FHA 203k
Hello,There is this mixed use building in my area and it has a Bar on the first floor and an open 2500sqft space on the second floor. I was wondering can i use the FHA 203(K) loan to renovate the second floor into tw...
Account Closed
Can you do a 1031 exchange of a personal residence (trick question)?
When you read section 1031 it is very clear that personal property is not included in this type of exchange. Homeowners that qualify though can take the section 121 exchange.
There are circumstances though that a 10...
Jeremiah Ramp
Opportunity Zones Benefits
Hello Bigger Pockets Community, I currently am looking at some properties in bend oregon that are in a designated opportunity zone area. The properties are a blank slate as there isnt much to them, but im looking for ...
Oluseye Faleye
Does rent from Primary Residence reduce my Debt to Income ratio
I have been a member of Biggerpockets for a while and absorbing as much knowledge through the forums and experienced members. I currently have 2 rentals and a high priced primary.
I am currently trying to increase m...
John S.
House Hacking - Lender not considering rental income in basement?
Hey guys, fairly new real estate rookie here:I'm house hacking and I ran into a bit of a crossroad, here's an explanation, I hope one of you gurus can assist me as I'm not sure what to do at this point. I want to use ...
Joe Delgado
Low Cash Flow Expensive Areas - Is this cashflow enough?
Can some of you investors in extremely competitive and expensive markets help me understand how you are valuing a deal when cash flow is so low? I'm looking at 2 different duplex properties, one in NY, and one in CT....