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Hello BiggerPockets members!My name is Jonah I am 22 years old and in the military. In February of 2021 I will be moving from Virginia to Jacksonville Florida for my next duty station, and I will be in Jacksonville Fl...
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I bought a 3/2 in 2005 and recently started renting an apartment while going to school 100 miles away. I owe 130k on home and have it listed for 124,900 and have been lowering for last few months. My plan, after rea...
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I purchased a home at an Ohio Cuyahoga County Sheriff's auction today for $46k. The comps are in the $110k area. The liens and taxes look good on the auditor and clerk of courts website. Nothing that wont clear up wi...
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Dear BP Family, I'll soon be the owner of a piece of real estate, and want to enjoy the asset protection afforded by an LLC. Has anyone on BP been successful in transferring ownership of mortgaged real estate from t...
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I can't decide if I should refi this property. At this time, I think this is a buy and hold investment. The total interest savings is $40k which is attractive. The monthly savings is only $100 and I plan to put monthl...
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Key Points
-Duplex- FHA=3.5% down. Conventional= 15% down minimum
-3-4 Units- Must be FHA and pass the self-sufficiency test
-VA Loan- Zero down for 1-4 units!
Action
-Connect with an investor friendly lend...
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Just wanted to introduce myself here! I've been lurking, reading, planning and cannot say enough about how impressed I am with BP, the information available and most importantly- how genuinely everyone on here wants e...
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I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
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BP , I have a question should I get a LLC when purchasing a rental property? Or should I purchase in my name. Does anyone have any knowledge in this area. Your help will be very appreciated thank you in advance.
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I will purchasing a multifamily investment property hopefully within the next 6 months. My DTI is extremely low ( under 5 % ) I have a feeling based on my income and minimal debt that the bank would lend me upwards of...