Jonathan Stastny
Elder law, Medicaid Spend down
I have a question for anyone familiar with medicaid and elder law. My friends Grandma owns a home that she owed money on, but has over $4,000 in equity(the max asset value allowed in my state.) I know that once medi...
Anant Naidu
Flip/House Hack in San Jose, CA
Investment Info:
Small multi-family (2-4 units) fix & flip investment in San Jose.
Purchase price: $650,000
Cash invested: $150,000
Sale price: $1,150,000
This was kind of a house hack. It wa...
Yevgeny Ioffe
Advice on existing residence
Hello,My parents have owned a single-family property ever since 1996 as their primary residence. It's built in 1920s, located in Newton, and it's in a poor condition. They're thinking of tearing it down and redevelopi...
Kyle Rogers
New to BP and REI; am I on the right track? What more can I do?
Hello current and future Investors,I currently have not made any investments in real estate but have been researching the topic for a little over a year and have join and local REIA club that meets once a month. I lis...
Timothy Curry
How to research a new market?
Hi everyone,I’m a new investor looking to purchase my first 3-4 unit deal and need some advice. These types of units in my current market go for more than $200,000 with rents ranging $850-950 for two bed rooms apartme...
Watson Josue
Should I borrow money for renovation on a purchase rental?
Hi My BP family,I'm on a 90 days challenge to buy an investment rental property. I am currently in the process of buying a duplex that should be closed by end of November. Since this is my first time, help me with thi...
Cayla Farley
Refinancing to a conventional loan after only putting 5% down.
We purchased a duplex that we are living in so we qualified for a WHEDA loan for only 5% down because it’s owner occupied. We have now found another property(4plex) that we’d like to owner occupy again getting a FHA l...
Greg W.
Individual LLCs and/or Holding Company?
If you have one property, you put it into an LLC, get an EIN and a business checking account for it and run you income and expenses through it. No problem.Now say you have 35 properties and each are held in individual...
Daniel Cavallari
Can you (legally)remove a tenant if you want to live in the unit?
Hey BP community I am looking to purchase my first property and have been looking at multifamily options. I plan on using the house hacking strategy by living in one of the units (finally getting out of my parents hou...
Alexander Kostrubiec
Property management firm while living in one unit of a duplex?
Hello. I'm a Loan Officer and soon to be real estate agent, so I'm pretty handy with understanding the laws and nuances of these topics.I've been wondering... If you live in a multi-unit property and rent out the othe...