Account Closed
local (expensive market) vs. distant multifamily investing vs. triple net . . . ???
my san francisco home of ~30 years is about to close (under contract for ~$2M+) and i need to shelter about half for a 1031, since we rented the downstairs & the cottage. the SF home is ~95% paid off, so i'll have...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...
Mike Migliaccio
Tax loophole
Does anyone know if partnering with a seller of a multi family building could allow for the seller to defer paying capital gains taxes as follows: I partner with the seller by buying in for a fraction of the fair mark...
Ryan VandeVelde
Property Analysis Advice
Hello Bigger Pockets Family, This is my first post on the BP forums and I'm currently reading the "The Book on Rental Property Investing" by BP. After watching Brandon Turner's video on "Analyzing a rental property ...
Marquise Bailey-Dillard
looking to purchase a single family home
Hello, So back in 2020 my wife and I purchased a 2 family home. We did the BRRR method and house hacked. we lived in one unit and rented out the other. At the time this method was best for us because we both had recen...
Ivo Draginov
Should I sell or continue to rent it out
Looking for some feedback and what you guys will do in my situation. I bought a house in 2012 in Phoenix for $55k which I have rented out for 4 years now ($900 rental income). The house is now worth roughly 160k. I di...
Aja McClanahan
Illegal Multi-Family Conversion: What are my options?
We purchased a property in Chicago at auction that is one of the standard Chicago greystone multi unit structures. However, this was illegally converted to a single family residence I believe sometime back in the 90s ...
Chad Workizer
First Duplex Purchase - need advice/review
Here are the details of the purchase.
Asking price 155,000 year built 2006
3/2/2 with 1250 sq ft each side
rent 650 each side -
last years taxes 1600
insurance I'm going to estimate around 600/yr
I have 20 percent ...
Alex Goumilevski
Converting oil heat to electric on a 30 unit building
We are looking at a 30-unit built in the 1960's, and the current building is set up with two oil boilers, one for the hot water, and one for radiator heat. The current landlord is paying over 50K per year for #2 heati...
Reed Meyer
Real Estate Investing Books
I have read Rich Dad Poor Dad and The Book on Rental Property Investing by Brandon Turner and I am now looking for my next book. Do you have any suggestions for good books to follow these?For some context, I am planni...