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I know acquisition time or commute time do not count for 500 hours material participation in rental properties but couldn’t find any regulation saying they don’t count for that 750 hours total RE involvement. if that...
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Hey BP! I purchased my first SFH less than 2 years ago (May 2019), but am in the process of selling to live with my SO and to aggressively save to pay off my student loan debt from grad school. My house value has incr...
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I’m interested in a multi family that’s FSBO. This would just be my second property and this seems daunting. It’s a cash only purchase of ~$80k that on paper would be a 12% Cap if their numbers are accurate/truthful.W...
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Hi,I just put under contract a property in the Bronx, near St. Barnabas Hospital. House is on a 25x100 land and according to architects, I can build up to 8 units, all 1 bedroom. Now I just want to make sure the math ...
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Has anyone got experience in using the cash advance as a downpayment, and repaying the loan from the cash flow? Has this been effective? What are some risks (aside from the high interest rate on repayment)?thanks !
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Hello All,I am trying to get financing to buy a 4 unit in the Dallas Fort Worth area using FHA. How do I avoid taking a hit on my credit score when trying to shop around for the best rate I can get. I was told that mu...
I’m researching how to start the process of finding my first fix & flip property which I plan to purchase in the next 6 months. Questions are regarding a typical timeline:-do you hire someone to inspect property /...
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Hey BP!I haven't been able to find this answer anywhere. I'm trying to buy this 6 unit, and split the financing between the seller (willing to hold the note) and my bank. My plan is to finance some from the bank and g...
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Hello!
My husband and I bought a STR in Rochester, MN six months ago and did a bunch of rehab ourselves. It took longer than expected so we haven’t capped on much Airbnb income. We also didn’t get an egress installe...
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Hi everyone! I have my first deal under contract. It is an all cash deal. I am currently thinking ahead to the "next deal". I am interested in finding mortgage professionals that offer Fannie Mae Delayed Financing Exc...