Estrella Carolina Mckinney
What costs do you evaluate to ensure that the property is profitable?
I evaluate taxes, service fees, maintenance costs and other expenses to ensure that the property is profitable.
Which ones do you take into account?
Richard Dorn
Proof of Major Updates to Insure Older Properties?
Hello, All!I spoke with a local Insurance Broker recently to get a better understanding of the potential complications when buying old, vacant homes to rehab into rental properties. She mentioned that I would need to ...
Joyce Jackson
SCT8 ? Legal?Tenants req to pay difference above what they qual 4
I have a few properties- some I’ve rented to section 8. All of my properties are above the standard for a rental- falling into a luxury product. I have had issues with a few of my section 8 tenants in the past. Right ...
Red Brown
I got greedy and Credit scores dropped guess I over did it.
I don't know a lot about scores. My lowest credit score usually is in 750's + In the past six weeks I picked up three new credit cards and some the month before. I have been searching for bargain properti...
Karl Huther
How old is too old for rental investments?
I’m new to rental property investments. I see some in my area that look to be in decent shape but says the property was built in 1886. What would be reasons to shy away from a property like this? I’m up for the challe...
Kevin Kim
Question regarding section 8 for old manufactured house(pre 1976)
Hello,
We have a property which has 2 old(pre 1976) manufactured houses in San Bernardino county California. We listed a rent on Zillow, and I got an inquiry from prospective tenants if we accept section 8.
I goog...
Madan Anand
Down Payment from Pension/401K Funds & How to avoid Income Tax.
Hi, I want to buy a Duplex/Triplex rental property. I have to make down payment at least 20% to avoid PMI 30 Years Fixed Loan. I am retired. How can I save Income Tax for withdrawal of funds for Down payment. Need hel...
Dhrumit Patel
Analysis, No Paralysis
Hello everyone!!
This is my first post on BP. I am from Windsor, CT looking to house hack my way into Real Estate using a FHA loan or a low-down payment conventional loan. I am currently looking for a multi-family pr...
Trevor J Dammon
How does building age affect underwriting?
I'm looking to begin my investing journey with an owner occupied duplex. I'm looking in the Minneapolis area. My plan is eventually to move out and keep the duplex as a REI. One thing I have noticed is that most of t...
Sterling Pompey
Home Possible Loan
Hi All,
Has anyone heard of the "Home Possible Loan" from Freddie Mac? What are some Pros and Cons of using this method as this is the first time I'm hearing about it. I've never heard of it mentioned on the BP Podc...