Jim Sestito
Help me explain Seller Financing to Grandma!
Hello BP,Dear Grandma is looking to downsize. Her house completely paid for and she has one note on it that she used to purchase a car with a about $18K remaining.The house is a two family. The main unit is a 3 bed...
Diana Dorantes
WHO IS BUYING vs WHO IS WAITING FOR THE SALE TO BEGIN?
Hello Bigger Pockets! I know the market has been pretty hot overall this past year. With that said, wanting to know if there are areas within the US where investors are still buying, cautiously buying or waiting for ...
Liam Martin Ruane
All my applicants want to sublease through AirBnB etc
So I am in the process of finding a tenant for my first rental (a townhome in Houston with no HOA). Many of the inquiries that we get are from people looking to lease and then re-list on airbnb or VRBO etc. I have lis...
David Y M.
Tax Schedule E Questions for Active Participation Loss
Current Situation - Trying to tax plan for 2020 tax year- househacking with SO and 3 other roommates, and planning to claim active participation and claim a deductible passive loss- Deductible expenses are based off f...
Adrienne Bryson
Is there any way to make the numbers work?
Here's what I'm dealing with:Homeowner bought a house with his first wife. They got divorced and she lived in the house, then passed away. Now owner has a new wife and new house, so is stuck with this extra empty ho...
Nelson Barss
Forclosure bail-out, then rent back to the seller...bad idea?
Hi everyone - this is my first post. I've been hunting for a deal and I may have just found one. I need some advice because there may be ethical & "bleeding heart" flaws in my plan. Here it is:I'm a mortgage lo...
James Syed
Debt Coverage Ratio, Cap Rate & Cash on Cash Return
Hi BP,
When analyzing an investment property 3 numbers are extremely important along with others;
1. Debt Coverage Ratio
2. Cap Rate
3. Cash on Cash Return
Most lenders look for ...
Jason Garrett
Finding owner financed properties
After listening to podcast 527 which was amazing I would like to use Subject to and seller financing . What is the best tool to find owners information on homes that this may work with if the owner doesn't reside at t...
Samantha Lanphere
Should I use a general contractor for my first flip?
Is it a good idea to use a general contractor for your first flip(s)?
What is going to be the average percentage that a GC will charge?
I would prefer to use one on my first flip(s) however my business partner wants t...
Scott C.
Tax treatment when co-signing for a loan and also renting rooms?
My daughter is starting a 5 year graduate school program for which she will be paid a decent amount as a graduate research assistant. I am considering helping her buy a house (we will both be on the loan and title) i...