Jason J.
Questions on being a "Qualified Real Estate Professional"
I had a question about being a "Qualified Real Estate Professional". I'd like to use Cost Segregation Studies on my commercial properties to offset income from my businesses. For 2021, I started to accurately log all ...
Julian Marmelo
How do I calculate my ARV with a DSCR Loan?
If the loan is valued by the rents how do I calculate for the arv.Example
6 Unit Property Cost - 850,000
CURRENT RENT - 5,300
ARV - ?
ARV Rent - 8100
Sharon Whipkey
Is 70 years old to old to start investing?
Most discussions I found about when and how to become real estate investors come from the 18 to 25 age group. Then there are a few with the "Am I too old to start investing at somewhere between 35 to 55 age group. T...
James Ayres
Can a student get a morgage?
I am 18 years old and I am interested in buying a owner opperated property in Erie where I will be attending college. I have found many good priced multifamily units and I have about $20,000 for a down payment. Im in ...
Sharon D.
Converting personal residence to rental--tax questions
We bought a home in 2016. Moved out in July of 2021 and started a very drawn out rehab project. Finally got the place listed as an STR in December of 2022 and have been booked solid ever since.At what point do I sta...
Guillaume Derouet
What is the best city in south east Michigan with the higher ROI for rentals ?
Hi Guys, Im looking to invest in south east Michigan into rentals but wanted to avoid Detroit. I was looking at Dearborn, Livonia, Redford... Is there anyone who can give me an advice ?
Erin Hong
Does a 40% Down Payment Ever Make Sense?
Hello everyone! My husband and I are investors and have 3 doors in Los Angeles - all LTR. We're interested in STRs, but given the current interest rates are nervous about having to keep an STR afloat if/when the prope...
Douglas B.
Any tips for low income/section 8 rentals?
I'm ready to buy my first duplex. In our market I can buy a habitable duplex in a low income urban market for 30k. Rents are aprox $500/unit but will likely be low income urban or section 8 tenants. The ROI opportu...
Chris Pasternak
Seller wants to sell now! Help!
Hey BPers,My scenario requires a bit of a background knowledge in order to fully understand. I will try to break the scenario down piece by piece for ease of digestion. Here goes.The Buyers: Myself and a partner (l...
Dawn Anastasi
Cashing out a Roth 401k
I have been told all my life in saving into my 401k that you need to save the maximum that you can. So for many, many years I have been saving the absolute maximum allowed by the government every year into the company...