Doesn't all your monthly income hinge on this? The average size of bedroom in my middle class area is 100 - 150 sq ft. The average median priced home here is about $300,000 and about 2000 sq ft, often not including ...
Investment Info:
Condo buy & hold investment.
Purchase price: $192,500
Cash invested: $25,000
I purchased my first off-market deal without using any real estate agents, allowing me purchase below...
My LLC has a small investment loan for a multi-family property through a local credit union. Last week, I was notified through a credit monitoring service that the lender pulled my personal credit report. I asked the ...
My wife and I looking at a 16 unit motel and converting away from traditional motel operation and towards STR Airbnb each unit.
I've read enough books and have enough education to know on paper how the commercial re...
Does anyone have experience with co-borrowing on a duplex, with one borrower who will occupy one unit as a principal/primary residence and renting out the second unit to third parties? I understand the loan generally...
This discussion started today in a Facebook group for tax professionals. According to the thread, this risky practice is getting more and more common among some tax firms looking to cut costs.I realize that people hav...
Investors share various reasons for how they qualify income producing assets, but from my personal interactions and observation, the 1% rule is raised more than any other reason. In fact, I see the 1% rule relied on m...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $485,000
Cash invested: $146,226
Sale price: $720,000
This was a seller finance fix and flip deal. The sell...
Hey BP!I am a new real estate investor about to close on my first rental property in Metro Detroit! I also have a couple other deals in the pipeline, so I want to make sure I have the partnership structure that will b...
For purchasing owner-occupied or investment property, is it better to initially work with a wholesaler or a real estate agent?
A real estate agent can find foreclosures, short sales, and opportunities with wholesa...