I apologize in advance for a very long post.
We are first time home buyers in a very competitive market (Seattle). Neither me nor my wife work in the IT industry so we knew our limitations and went in with realistic ...
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23k warehouse on 3.9 acres in one of middle TN fastest growing cities. 1 mile from major interstate.
Purchase price: $3,800,000. Due Diligence: 90 days Close: 30 days Earnest money: 1%Sale lease back that will ...
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Is it wise to take a HELOC on my primary home to for the downpayment for a short term rental property? I would have the HELOC as well as mortgage to pay. What are the pros and cons to this approach?The HELOC would be ...
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Hello Everyone,I currently own a fourplex and am living in one of the units. The average market rent for a unit is $600. My units are being rented out for $525, $525, and $510 respectively. The tenants have been resid...
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Hello,I currently have contract to buy a duplex in Lexington, KY. Two weeks into the loan/under writing process, the lender just told me the lot/structure is considered two townhouses, not a duplex (I confirmed he is...
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This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission. I bought the house so technically didn't pay any agent. I also took a no-point loan but I s...
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Hi all,What type of property do you feel is best for a cost segregation/accelerated depreciation strategy?I want to buy either a medium-sized multi-family building (6-8 units), or a portfolio of 10 single family renta...
https://www.biggerpockets.com/analysis/rentals/f2a4127b-7a0f-4827-aee4-fe7e96307582I’m not sure if I even shared the report correctly, but I’m trying to analyze this first deal. Looks solid, but I wanted to be sure I’...
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Can anyone provide some estimates for single family houses? I am looking for typical insurance and sewer+ water and garbage costs? I know theres no way to know the true cost, but can you share what you typically pay o...
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Hello,
First post here, but regularly scroll through BP for it's great real estate advice!
I bought a 1.4M, 7 unit property in Revere, MA 4 years ago, and used FHA Multifamily loan 25 year term, 30 year amort, 25% ...