Depak Paten
Am I leverage too much
I would like to get members opinion to see confirm that am I leveraged too much? I should hold on to further addition of rental property?Assets/Liabilities Primary home: Market value $300,000 (mortgage balance $139,00...
Jeff Bullian
Central Florida Vacation Rentals
Dear all,I wanted to see if anyone had general views on the Central Florida vacation rental market. I'd be particularly interested in thoughts on two cities: Kissimmee and Davenport, both of which have good proximity...
Sage Jankowitz
Do you adjust your property insurance as your loan is paid down?
I'm reading a book right now that suggests it might make sense to lower your property insurance as you pay off more of your loan. So if you take out a $200K policy to cover your $200K house, but then pay down $100K of...
Account Closed
Existing primary home and house hacking
Hi everyone,
My wife and I live outside of Reno and we have a primary home with a conventional loan at 2.5% interest. Two months ago we lost our youngest daughter and have hit a point we need to escape our hometown f...
Kristina Lugo
Borrowing money from parents for down payment
I'd like to purchase a 2 unit building with a 203k loan that I'll eventually BRRR. I have some money in savings, but not enough to cover a down payment, closing costs, and reserves to hold me over for a few moths whil...
Troy Hebert
Would You Do This Deal? NC Vacation Rental (Outer Banks)
Hi all,
I am finally buying my first property. It's a SFH under contract right now for $1.1mm. In the Outer Banks in North Carolina (Corolla specifically).
I've posted here before where I've looked in various region...
Chris Licavoli
Buying Rental Props with Self Directed IRA
Greetings BPers!
I would like to learn how to purchase a rental property through my self directed IRA. I have an account through Equity Trust. I have enough in my SD IRA to make the down payment of 25%,...
John Underwood
TN tax return for a STR?
I know TN has no state tax.Is there any requirement to file a TN return on a STR? I live in SC.Wyoming LLC owns a TN land trust that owns the cabin.My CPA asked me and said sometimes a state return is filed, but I jus...
Account Closed
Fourplex Analysis Help
Hello BP, 25-year old from Texas here and I'm itching to get into the game. Here's the first property that I've come across that seemed actually worth my time to crunch the numbers on, help me see if this is a good de...
Nghi Le
Leveraging Someone Else's Lendability for Flips
I've been doing flips for the past three years and have gained a lot of experience from it, especially when we started expanding into different states. I've also gained valuable relationships, particularly on financi...