Good morning all! Had a quick question about when to depreciate SFH rentals which we are currently buying and holding long term.My wife and I are on contract for our 4th property (2 with a mortgage) and we've been ask...
Currently in the middle of attorney review. Buying a 2 flat with an illegal garden unit. In my letter we’ve asked that one tenant move out prior to close. They responded the garden unit will be empty. Is it legal (for...
Hello All,I'm trying to start my real estate portfolio, I'm looking into using FHA to buy a multi-unit property here in South Florida (Homestead, FL) and ret it out for cash flow, while living in it.How hard is it to ...
My wife and I have currently been house hacking the past 2.5 years and are ready to start scaling things up (any scaling advice would also be greatly appreciated). Our LLC has been established for 3 years and we are l...
Hello, I have a 401k and I was thinking of cancelling it because I have a 457 b option plan. I haven’t put much into the 401k so I’m not worried it much(only 6k). But recently I’ve been thinking a lot about it, my em...
Hi, lets say hypothetically, you have done well in the flipping and/or renting business and you have a few million saved up. I'm sure it gets to a point where your flipping/renting business won't be a efficient busin...
I have talked to two lenders out of state to secure financing (Freddie Mac Fannie Mae non recourse with 20 percent down ) they are telling me I am able to secure a 2M loan. What should I look out for as I search for a...
Hi y'all, Just purchased a 3 unit property that needs 40K in structural repair before it can be rented. I'm considering the following options to pay for these repairs:-- Cash-out refi on another rental - I could prob ...
West Philadelphia born and raised, on the play.. you know how it goes. This is my first post on bigger pockets and I’m Extremely excited about real estate investment in my city. What I want to know am I jumping the gu...
Is there a definition somewhere to help one determine whether a apartment complex is an a, b, c, or d grade property?