Brian J Allen
Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...
Scott Trench
Are you Pro or Against 401(k)?
A recent article that I wrote on the BP blog received some criticism because I suggest that a 401(k) is one of the best ways to increase your net worth.This strategy was criticized by a couple of readers and I thought...
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LLC formed for each property?
Hello;
I received come advice from an accountant saying for each real estate investment I do , form a new LLC for each. toughts? :pup:
Tyler D.
How is Chicago doing?
I'm planning to buy a fourplex for the long term (30+ years) and after researching a lot of places, found Chicago to be a potential candidate. I wanted to know from people who know the city how it's doing.
Chicago ...
Kenneth Stuart
Calculating monthly/yearly fees?
I have never purchased property before. I am trying to learn more about fees and expenses to expect when owning a property. I know of the obvious expenses like tax, insurance, property management, utilities, repairs...
Jennifer Sleider
Documenting Expenses & Taxes
I am just starting out and I am in an owner-occupied duplex. I am curious to see what people use to document their expenses. especially if you only own a couple units and don't use a property management company. I wan...
Steven Weiss
ADU maintenance costs; estimates?
Hi all,I currently plan in building a 1200 sq ft 3 bedroom 2 bathroom ADU in Los Angeles, CA. I ran numbers and everything seems to check out (at minimum, I break even). I just wanted to double check some things, and ...
Michael Czepil
Hi everyone - new member in Louisiana
Hello everyone, stumbled across this site a couple of weeks ago and love it. I'm an Australian going to school down in Louisiana, and once I'm done with it next spring I am really looking forward to becoming active w...
Nancy Bachety
1031 construction/ repair/ build exchange help
Hey BP's,
We are in contact to sell condo #1 in NY, fully depreciated. We are entering into contract to buy condo #2, in FL. Closing dates will be on about the same day, conveniently. Using round numbers, sale price ...
Brad Gibson
Strange Foreclosure situation!?
Ok let me try to explain this. There were 3 Triplex's in a row that I thought went into foreclosure about a 2 years ago. They were split up individually and a bank bought 2 of them which ended up on Hubzu.com. I ended...