Dennis N.
Breakeven cashflow inv property, how should I think about return?
Guys, I need some help in thinking through this scenario:
A property that has breakeven cash flow with appreciation in line with average inflation and minimal expense over 30 years. Lets say it cost 500k and I put do...
Sean Pearce
Approved Mortgage Loan Not As Much As I'd Hoped For
So I've applied for my first mortgage ever on an investment property. I have good credit fluctuating between 760 and 790, net monthly earnings just shy $10,000.00, over 2 years in my current profession, no current hou...
Brenden M.
Operating two STRs for <2 years - using their LTR rents for DTI?
Hi BP members. As the title states, I've been operating two STRs for about 8 months now. I am interested in buying another property, but I want to make sure I am understanding any limitations I may run into as a resul...
Mike Rice
Can I lower my tax burden through an LLC before I own a property?
Forgive me if I'm posting in the wrong place, but I'm stuck and I'm not sure where to turn. Any direction would be appreciated.
I'm certainly spending a lot of money, time, and miles on my car, but I don't own any pr...
Jesse Fatula
Upgrading to new home, keep existing?
Hello! I am new to this forum so please bear with me.
I am 31, married with 2 children and we are currently living in a 1100 sqft 2 story home in a residential neighborhood. We are planning to move to a larger ho...
Andrew Holmes
Chicago Flipping Stats
I thought I would post some of the numbers for Flips. These are divided in Single Family and Condos/Townhomes. The way I calculate this is based on MLS data. Some data that is missing her is the off market sales (exam...
Nicholas Burch
Non QM Interest only mortgage products
I am curious, have you used an interest-only mortgage product for a deal? If so, why?
Jordan Alequin
What can I afford?
When looking to house-hack a multi-family property, what should I consider in terms of what I can afford? Should I factor in the rental income, or should I assume I’d pay the full cost of the property?
Cristin Andrews
IRS recognized real estate professional while drawing pension?
Hello - newbie here,I'm a single high income earner so have very limited tax benefits for real estate investing and know that I cannot become an IRS recognized real estate professional while I have my W2 job. I plan t...
Jennifer Bailey
Qualifying for a Loan with low income
Hi everyone.. I'm new to educating myself on Real Estate investing but particularly interested in buying my first Multi-Family home here in Houston. I plan to do owner financing with a FHA loan but the properties here...