Nick Michaels
Buying a house with current tenant - seller's family
So I have an accepted offer on a duplex where the bottom unit is currently occupied by the seller's son, who wasn't paying any rent at the time - I knew this before I made the offer. I spoke to him (the son) briefly y...
Account Closed
What to do with land in a flood zone?
I have a piece of land near San Antonio in a very desirable Area. The property is approximately 1.27 acres.It is cleared ect. I took the land as a down payment on a house that we owner financed. The previous owner/ se...
Navin Kumar
Is 80% ratio between expenses and rent too high ?
Hello,I've a deal that came across my table for which the expenses are 80% of the annual rent. What is the recommendation as per the 50% rule ? Should I avoid deals that have too high ratio of expenses and rent ?Pleas...
Brennen Cook
NEW DEAL - GROUND ZERO - Follow Along!
Hello BP!Another deal here and I would like to yet again share my experiences as other do. Lets get right into it. See Attached images for spreadsheet breakdown.6608 Benham Way, Sacramento, CACurrently a 3 Bed 2 Bath ...
Chris Svendsen
My 4 Years as an investor
I thought I would give a synopsis of what my wife and I's last 4 years have been as investors. This is in no means a detailed how to, just what we did in general terms and has worked for us to this point. Main purpo...
Rami Holzman
Can you rent a property from your LLC?
Hi all, I'm hoping to move to the US hopefully this year (Tampa) and would ideally like to get into a house hack/my own property straight away as rent is rather expensive. However I don't think this is likely as I'll ...
Idris Haroon
How many rentals can an investor own?
I'm trying to find out how many rental properties an investor can own. I currently own 10 properties in the Dallas area and wondering if there are any restrictions on owning more. My goal is to get to 20 properties in...
Evan Engelhardt
Help: to buy an owner occupied property to break even?
Hi,I'm new here and starting to learn about real estate investing.. I'm looking to buy a multi-family home in Chicago (Wicker Park / Bucktown area) and live in one of the units.From what I see on the market / the anal...
Angelica Morales
CARES Package allows IRA withdrawals w/o 10% penalty, worth it?
With the passage of the CARES package allowing IRA withdrawals without the 10% penalty and being able to report the distribution evenly over 3 years, I have been considering taking $20k out of my IRA to pay off a loan...
James Carlson
Will mortgage forbearance affect credit or loan qualification?
I have a number of investor clients here in Denver and Colorado Springs worried about coronavirus and their tenants' rent (and therefore worried about their mortgage payments). They're all asking me the same question:...