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Hi all, trying to wrap my mind around BRRRR. It all seems straightforward enough - Buy, Rehab, Rent, Refi, Repeat... the part I'm having a hard time with is the refi and repeat. Since banks use debt-to-income to qua...
My wife a I are buying our first rental property and I am trying to figure out how to file our taxes. We will transfer the property to an llc. We live an the property is in co which is a marital property state and the...
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Hello BP,
I am inching towards rehabbing my SFH that I purchased cash in 2014. After trying 2 conventional rehab loans that were denied due to high debt/income ratio, I am now trying to get private lenders from peopl...
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I'm looking to purchase rental properties but have been self-employed for the past year and have been told by 1 lender than there is a 2 year minimum. I'm a RE Appraiser and have been this for 5 years.
I'm curious h...
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Need some advice from veteran landlords. I have a female applicant for an apartment in a 2 unit house who with 2 little children who is currently going through a divorce. She's had a good stable job for 15 years and...
Hello Biggerpockets,
I'm wanting to leave my w2 job as I've managed to grow my rental portfolio to 16 units providing 50k net income per year. My one snag is that when I talk to my local banks, they say they will no...
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What are your thoughts?
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My husband is working full-time at his job which pays well but is full of stress and long hours making it difficult to spend enough time on real estate. We want to get him out ASAP and transition him into working full...
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Hi all,
We just backed out of purchasing our first investment property as it needed a new roof (per the property inspector and 3 roofers) and he refused to submit an insurance claim (saying the roof has 10 more years...
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I am a 1099 “self employed” musician out of Nashville. I’m wanting to house hack ASAP but I show so little on my tax return that I would not get approved. I’m looking into starting up an LLC taxed as a S Corp to relie...