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I just took out a HELOC to use as a down payment an investment property. My monthly payments will be low (interest only for 10 year draw period), so shouldn't really affect my debt to income ratio much.Once I buy the...
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Situation: I've got this deal I'm working on where a shortsale was initiated by the current owner. The sales price ($37,000) was approved by the lender and we made an offer for $35,000 that was accepted. I got the...
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Hey BP,I have a couple rentals that I have up on Furnished Finder for travel medical staff. So far it’s been awesome! I haven’t had a single day of vacancy this past year even though my rates are at or above market fo...
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Hi everyone,I would like to purchase some rental property in central MS and/or close to popular universities like Mississippi State or Ole Miss. I'm currently saving for a down payment. I'm interested in single fami...
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Hi,
I am very new to RE investment. Just found this forum several days ago and learn a lot already, to say the least. We have about $400K in cash. Originally plan to buy a bigger house for ourselves, and rent out our...
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Hi BiggerPockets community, I am considering purchasing a STR and being an active participant for the opportunity to deduct the STR losses (notably deprecation) against my W2 job. I have been doing a lot of research h...
I want all you guys opinion. Are you going after more flips abundant short term cash or a steady passive income?What are your 2015 goals?Love gaining knowledge from you all.
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Hi,I am considering several locations (over 10) to invest in my next rental property. As such, I'm contacting mortgage brokers and filling out loan applications to get pre-approval letters. Will this impact my cred...
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Hi all.I am thinking of selling a few properties in 2016. I would prefer to do a 1031 exchange on them to avoid paying the tax, but most markets in the US seem overbought right now (both SFH and multi-family). I am a ...
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Hello everyone, I am new to the real estate world, and I was wondering if those who have done live-in flips do their numbers any differently for those versus a normal flip. For me, I feel that the numbers would differ...