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Hello all and thank you for taking a look at my first post on BiggerPockets. I live in Andrews, Tx (West Texas) where the oilfield has been booming. I am getting ready to purchase my first property as my primary resid...
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Need advice. Here's the scenario..... My elderly parents want to stay in their home as long as possible. They are struggling to make ends meet from month to month because they owe $250,000 on their house and have a ...
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I've owned my house for 13 years. Have 2 lines of credit for 180k total and have around 20k still available (used 160k) . Have mtg for 620k.
House would sell for 1.45 to 1.6 depending. So around 670K + in equity. M...
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Question on the depreciation deduction. My ex and I purchased a Multi-tenant house 20 years ago. During this time my ex and I rented out the studio, lived in the house and claimed depreciation on it. After 20 years I...
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this one actually came a few weeks ago. it's an interesting story.i was on vacation with my son in florida while my wife stayed back during the xmas holiday to rent out 3 houses. we had just fired our agent who we use...
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Economic Update (Monday, November 2, 2020)
Today is Monday, November 2, 2020. Tomorrow is Election Day. S...
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Does anyone have any experience working with Rent to Retirement? I have been looking into it because they’re a frequent sponsor on the podcasts and wanted to get some feedback. Thanks!
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I received this from one of my lenders and thought that it was too good not to share. As someone who primarily funds loans from CMBS, agency, and insurance companies I think this info is on point.Despite turbulent ca...
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So here is the back story. I bought a tri-plex in 2005 located in Mankato, Mn while I went to college. The property had a grandfathered rental license on it. This worked great for a couple of years, my roommates' r...
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Looking to hear success stories and horror stories (if they're out there) regarding purchasing multi families in need of repair near colleges. My biggest fear is that you know you'll need to find tenants every year an...