Nate Michaels
Owner-occupied duplex, how to depreciate properly
Hi all, I'm owner-occupying one unit of a duplex and I'm wondering what is the best to report the depreciation if I convert the owner-occupied unit into a rental at a later date. The challenge I'm having is specifical...
Donald DiBuono
Leveraging your HELOC to BRRRR
Hi!I have a scenario i would like you all to weigh in on. My partner and I took our a HELOC on our homes. Keep in mind, our personal homes are not making any money. We used the HELOC funds to buy a SFH all cash. The S...
John Hartman
Maximize profit on spec home and other questions
I am just getting involved in real estate investing and think I found some land that could be very profitable to build a spec home on. I am in Virginia and found a development with several lots selling for around 5-15...
Vonnie Bradley
Month to Month rent?
Good Morning Everyone,I have a tenant of 2 years that would like to go month to month for this year because they plan to buy a house. They are not sure when they will purchase the house but she thinks in January 2017 ...
Naveen Kumar
LTV on rate and term refinance
I have a quick question on rate and term refinance:If I buy a 100k property with a private mortgage of 90k, and the property appraises at 100k, will the bank be ok with a rate and term refinance loan for 90k, or will ...
Lawrence Ng
House hacking SFH in Orange County
Hi
I'm a new investor from the Bay Area looking to buy a SFH in Orange county. I was thinking of using the FHA loan to buy the house and rent out the other rooms. Does anyone have any advice or experience house hack...
Shawn York
Indianapolis Section 8 Hacked
@Mike D'ArrigoI'm an out of state investor in Colorado with a duplex in Indy. (both sides Section 8) I see IHA was hacked (ransomeware) and has been down since at least 10/3. Any news from someone local like yourself ...
Account Closed
Tenant dispute over Covid 19
Hello Bigger pockets! I have a single family home that is being rented by four tenants (roommates). A month ago I received a notice indicating that one of my tenants have found a replacement to take over their lease (...
Brandon Warren
Lease STR to my LLC to improve DTI
I purchased a primary residence just over a year ago and lived in it for the 1 year I was required. I've now turned it into a STR and am in need of another primary residence. My problem is that the first house is stil...
Mark Nguyen
Family Partnership Structuring
Hi,
We, my sister (not in Florida state) and I, are planning to buy a property, single family or 2-4 units with sub to or seller financing. I will be living in one room/unit and renting out the others.
I am plannin...