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Just a quick intro:
I own my own home and am a 50% member of a LLC my business partner and myslef formed two years ago. We only have one single family rental and are closing on a second REI tomorrow.
I've been read...
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Hi all! I'm new to the forums and wanted to see if anyone had some advice on how to start out with a 1031 exchange. I'm lucky to have inherited a property in San Francisco that I would like to sell and buy something c...
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In September 2017, I went under contract for a property in Southern New Jersey for $94,500. It needed $65K to give it an ARV of $200K. During my inspection period, we noticed signs of an oil spill around the tank outs...
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I am doing a BRRR on a triplex and wanted to add an ADU to maximize the value of the property. I was told by the lender that if I add the ADU the property will no longer qualify for conventional financing. SFR’s that ...
Looking to refinance current residence from VA loan to conventional as a primary residence, however I am being warned that I will need to live in the current residence for at least one year.Has anyone else heard of th...
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Good morning everyone, I recently closed on my first rental property and UC on a second. The first property rented out quickly (cash flowing around $275)and I’m hoping to make roughly $250-$300 per month on the second...
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I purchased my home 2 1/2 years ago with the intent of either flipping it or potentially renting down the road. My situation has changed (and my budget is tight with little room for repairs) and the thought of sellin...
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I'm wanting to purchase my first rental property as being a 3plex or 4plex but I notice the mortgage may be 60%-75% of my income. i know most places would deny this but, there's some properties that'll say that there'...
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Hi guys,
We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...
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We hear a lot about “The 2% Rule” (or, as The Book on Rental Property Investing calls it, “The 2% Test”). For our benefit, I would like to create a local forum discussion (THIS forum discussion) that documents our in...