I have a renovated 3 bedroom, 1 bath home in Ferndale, Michigan. The market has increased by a lot over the last four years and my home is nicer than most rentals. I charge 1450 which is kind of low by $100 dollars, b...
Hi everyone! Im looking to finance a multifamily property with fha loan. I just wanted to know if projected rental income from subject property can be used as qualifying income or not for the first time home buyer. I ...
I would love some of feedback on this topic?
I'm looking to pull equity ($100k) to build a back unit. I currently sit on a 14,000 sq ft lot. The city will allow me to build a 2 bedroom 2 bath unit at 1200 sq ft.
TO...
I am looking to purchase a property and would be using hard money to make the purchase. The hard money lender will only lend into my LLC for the purchase, and I can't purchase in my personal name. After my 6 months of...
I just recently closed on 4 bedroom 2 bath house. First time house hacker. I can actually be convert another room into a fifth bedroom with just a wall. I would stay in the fifth bedroom. I was wondering what would...
My relative's house has a reverse mortgage. I'm not listed as the executor or beneficiary in his will. Unfortunately, his health has declined recently. He said I can have the home if I payoff the reverse mortgage. Wha...
Hi everyone!I'm a newbie to Real Estate investing and seeking advice. I'm looking to purchase a duplex or another type of multi-family home, not sure if I should us a FHA loan or a 203k. I would also like to know if a...
Hey BP,
I am rehabbing a 4plex in Clearwater Florida. I wanted to put in a shell driveway due to it being the most economical in the 2860sqft parking area. Apparently it violates the Clearwater city code and they say...
Hello - real quick - is it possible to purchase a small lot in San Antonio and park an RV for temp living? I have a 40 foot RV and in a park for now while scouting the area, and learning REI - but I figure if I can fi...
2 questions. Somewhat related.I've been using an app called MileIQ. It's able to track your miles by gps and it allows you to write notes about where you went and why. It only allows 40 trips for month. Is this app su...