First time investor here.Working toward my acquiring my first deal.I don't have the money for down payment but step-dad said he would provide a loan for it at low interest (he said he is doing it more to help me out b...
So I am finally looking for my first buy. Looked a long time at wholesaling, raising money and all, looking for a 'perfect' solution.But now that my other business is doing well, there are some deals I can now do by m...
Hi everyone,Is anyone familiar with the self-sufficiency test on FHAs with respect to buying a multi-family? I was told that it's a recent-ish provision that has made several FHA loans fall through. Apparently, 75% of...
Hi BP Community,Today some tax news came out that is very relevant to the industry. I'm sure many are aware of the new Sec 199A deduction which essentially allows for a 20% exclusion of income earned for business owne...
I currently own a fourplex outside of Tulsa and I am considering buying a property in Kansas City (where I grew up) as a short term rental. Of course I will crunch the numbers to make sure that it works as a normal re...
I have the following idea, that I'd like feedback on.
I am looking to do the following:
1.) Form an LLC with a partner
2.) Have the partner put down 20% of the purchase price
3.) I pay all c...
I have some questions for anyone who would be will to message me about accounting at multi family properties.
This is my first post as a member here on bigger pockets. I was hoping to get some general information that could help me purchase my first rental unit. I have been interested in rental units for a few years now and I...
So I am doing the BRRRR strategy and I was wondering if the seasoning period to refinance only counts to a bank while a tenant is present or if the rehab time counts towards it?
How difficult is it to obtain a mortgage - even with 800+ credit, if you wait to take out a mortgage until after quitting your job?