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I own a rental property that I bought with an FHA loan (when I was an owner occupant). Since then I've gotten married. Is my wife eligible for an FHA loan on a house we want to buy to live in? I will need to be on the...
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A tenant that applied just filed Chapter 13 Bankruptcy several months ago and has a 600 credit score. His gross income is 4.6 times rent, but he has some after tax deductions (including bankruptcy payments he just...
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Recently, a mentor of mine did a flip in Lakewood and the property didn't have a garage or pad. He had both constructed (2 car), but said he didn't get much out of it as far as ROI is concerned. It seems that most hou...
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Hi there,I'm an aspiring house-hacker that will be moving to Chicago for a couple months to learn more about the city & neighborhoods within, with the goal of buying my first multi-family house hack in the next ye...
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Copying and pasting here the message I sent to David Greene . Hoping to get some thoughts/ideas here that would help me resolve my dilemma on how/where to invest the $300k cash we have - Whether to buy a 2 bedroom ...
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Hi all, I'm Andy a realtor in central New Jersey, never flipped a home in my life but really look forward to doing so. I came across an off-market lead from a newly retired who wants to sell his home. He had bought it...
What is the difference in the monthly net profit of a property bought for cashflow/appreciation? I hope the question is understood.
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I've been hearing the hype about Cost Segregation for a while and I wasn't sure i was a candidate. Still not. My w2 income wont be over $100k for 2022, I will hopefully be considered a RE professional and i had 5 prop...
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In my experience I have noticed there are a lot of upsides to buying land and building new (construction loan) VS. the traditional find a home and buy it with regards to the STR strategy. I would love to hear others t...
Hi all,I'm 35 years old, married with a 10 month old daughter, and living in NY. I work in Long Island NY, and I have a studio apartment I rent for $1500 which includes all utilities. I make 143k a year (minus the hug...