Samantha Perez
Bank Statement Loan Trap?
My wife and I are self employed and have reached out to Sprout Mortgage to help us do a bank statement loan. We both have good (700+) credit so the agent said that we can possibly put as little as 10% down. I understa...
Account Closed
There are 2 apts. (2 Bed/1 Bath Each) on top of 4 retail shops
Hello everyone, I viewed this property today in Newark, NJ and was wondering if by the numbers you guys can help me out. Now the agent who showed me the property, who also has done investing, told me with some work, a...
Mike Higgins
US Census and other Research
while listening to a podcast I came across a great quuuuiiiick TIP from a guest about using the information on the census for finding out about home ownership and multi families in certain areas. How have some of you ...
Vincent Z.
Can I claim my dad's property income on my tax return?
My dad just purchased a 2 unit property and everything (mortgage, deed) is under his name. He is letting me completely handle the management of the property, finding tenants, collecting rents, etc.My question is can I...
Taylor Klepper
Taylor from Cincinnati
Hey all! My name is Taylor and I'm 25. I am married and we are expecting our first child in July, so naturally I thought, lets buy another property! Haha! I am new to the world of REI, but I have worked in residential...
Joshua Ford
New Member from new jersey
I'm looking to invest in the New Jersey/Detroit area. I'm just starting out in real estate investing. Open to any advice that any one has. I'm also looking for any realtors or investors in the Detroit area that can as...
Matt Kvalheim
Depreciation Question - Multifamily
Hello everyoneI am purchasing a multifamily property in a couple weeks and I am wondering - how much depreciation expense can I take in the first year (2015 tax year)? Since I am closing in late November, will I onl...
Joshua Hill
Wholesalers - Real Estate License or No?
I'm a newbie in the Phoenix area and have been loving BP. Thank you everyone who has been posting, I'm eating it up!I will start wholesaling in the next month or so and have been debating starting off by getting my RE...
Vivian D.
Buy & hold in a high rental area?
Hi BP-ers, as a buy and hold, should I buy into an area (within a mile) with 50% renter? One can argue strong competition, but another can say people just cannot afford a home so they stay renters. What else should I ...
Jonathan Miller
BP Rental Calculator/FHA 203k question
Hey,Quick question regarding the BP Rental Calculator-If i'm trying to calculate a 4-plex that needs work (wanting to use fha 203k/BRRRR), Where I enter the purchase price amount, Do I enter the the price of what the ...