Jorge Solis
Foreclosure vs house hacking
I'm currently looking for my first investment property in Northwest Georgia. I'm 23 years old and I've already been pre-approved for a $200k FHA loan on a quadraplex as long as 3 of the units are already rented out. H...
Peter Hanson
First $100,000+ profit flip in progress
hi BP,Just wanted to share a deal I have going right now. I paid $440,000 for a house in the Silverlake area of Los Angeles. The current layout is a 1 bed/1 bath. My plan is to redesign the house and make it a 2 bed...
Chris Toedter
New Jersey oil tank issue
sooooo here's my issuePurchasing a 4 family MONSTER last call to be made there was an oil tank found. I know I know I know get it removed get it removed or the soil tested. BUT it's a 4 family I don't plan on selling ...
Carrie Herrmann
Any advice on Do Hard Money or Funding for Flipping
Has anyone used Do Hard Money? How about Funding for flipping? It seems as though with Do Hard Money we cannot find a cheap enough house. Any advice, or suggestions? Or even other financing options? TIA!
Jeremy Bonfini
Asking tenants to rebuild security deposits
I am closing on my first duplex on Monday and it comes with two inherited tenants. The previous landlord required security deposits, but his lease allowed him to deduct late rent, late fees and unpaid utilities from ...
Bruce D. Kowal
Can I rely upon my tax preparer to avoid IRS penalties?
IRS is not shy about disputing claims to Real Estate Professional status. It's an easy desk audit for IRS. They query Schedule E losses. And if IRS challenges your claim to be a Real Estate Professional they will s...
Matthew Conner
Multifamily tenant to tenant issues
Hi All,I'm looking for advice on how I should handle some issues that have come up amongst tenants in a triplex. I am the property owner self managing. Unit 1 was an inherited tenant who's rent is paid through hud by ...
Ryan Anthony
Downpayment Lender Recommendations
Currently a new real estate investor looking to source my financing. I'm for advice and recommendations for my current lending situation. I’m looking to buy a STR in MD, and i’ve run into a bump in a road for my finan...
Jason Lee Mathis
I work for Uber and am looking for a mortgage in another state.
My wife and I are moving from Chicago to Michigan to buy a house. My wife will keep the same job, and I will continue driving with Uber. When going through the preapproval process one of the lenders I spoke with said ...
Roshan Khatri
HOA regulations on rentals
Hi,
First of all, I start by acknowledging that my research wasn’t enough and I might have rushed a little bit.
So for the problem, I was looking to start my investment in rental property for a side income and fou...