Hanyai Bungals
Commercial loan vs residential loan for a 4plex rental property
Hello, long time reader here.My business partner and I have discussed different real estate opportunities, and we have decided to go forward with purchasing a 4plex rental property for around 100-150k.We've spoken to ...
Janine Justusson
Investing After College Graduation
Hi, my name is Janine. I have started learning about investing in real estate and I'm excited to meet new people through biggerpockets. I graduate college in a year and then plan to live in Dallas, Texas, which is whe...
Alex Yakubovich
Backdoor Roth IRA and Pro-rata Rule
Hello everyone!Could you please help with my situation? I want to do a Backdoor Roth but I have pre-tax money on my trad IRA and I don't understand whether the pro-rata rule could be avoided if I do the following:1) A...
Chad S.
Umbrella insurance on multiple properties.
Any recommendations for a new insurance agency for my situation would be appreciated. I have four rental property's, and my personal home listed on my umbrella policy, but I recently purchased another property and the...
Ben Ertl
Taking Over Family's 6 Cabin Resort - Harder Than It Sounds
Hi BP community,This has weighed on me for quite some time. I grew up on this 6 cabin property in northern WI that my parents own. This includes a larger house they live in 50 yards behind the cabins, behind a road....
Will Chitwood
Mortgage Company Requiring Insurance in Personal Name
We own all our properties in LLCs with mortgages in our personal names as we switched them to the LLC after purchase. We never had problems with mortgage companies accepting the insurance in our LLC names until this y...
David McBrayer
A deal comes knocking on the front door.
I hope this post finds you all well! I am in the middle of a rehab and a deal comes knocking on the door. Or in an e-mail I should say. Had it come a little sooner? I might have jumped on it. I am still interested...
Udaya P.
Buying investment Property after Foreclosure(4+ years)
I have foreclosed my house in Apr'2010. I am looking for buy an investment property in the range of around 250-300k. I am ready to put down 20% and I have sufficient income to pay the mortgage and other expenses for t...
Sheldon Alex
What's the Rule of Thumb When Buying Short Sale Properties?
Hi Everyone, I'm looking at a short sale right now. It was originally priced at $180K but now it's going for $200K. The broker ran a comps, with two properties being sold for $255K, one sold at $285K, and one listed f...
Michael Gorence
Is a mobile home park with 25 vacant park owned homes good or bad
I've been trying to analyze mobile home parks. I'm not sure about how to consider a park with a large amount of vacant park owned homes. I realize it would depend on the condition of the homes and vacant homes would p...