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Hello all,
So...as I am researching the topic on PMI, I am coming up with conflicting responses. I am looking at a 3.5% (30 year) owner-occupied FHA loan for a duplex in Dallas.
From what I understand....
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I understand that starting out, a lot of fix and flippers do some of the work themselves and hire the rest out. I'm wondering, if you were to do this at scale, would you still be doing some of the construction yoursel...
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So on my first flip I got linked up with a mortgage broker. He put me in contact with a HML who's terms were 4 months before penalties started to be assessed. The mortgage broker said once the rehab is complete, we ...
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Hello BP community,I've been looking for turnkey properties in the mid-west. I'm wondering what areas are your favorites?I've been looking at Memphis as my first investment property. What are your thoughts?Thanks!
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Hi All,Question, I am a high income W2 employee and considering purchasing a short term rental. I do not qualify for a real estate professional status, but recently heard about the short term rental loophole where on...
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I am looking at an off market deal to help a neighbor and make a long term investment. My neighbor needs to sell and doesn't want to move. I wanted to propose he sell to me at a 20% discount and I would lease it back ...
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I'm looking at doing a 1031 exchange on a property that I'm selling on a short notice due to an unexpected offer. I nervous about finding the "perfect" investment replacement with only a few weeks to identify the prop...
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(I wanted to start this thread separately to avoid hijacking another thread where this subject came up. The topic is important enough to warrant further discussion.)
As @Tracy Z. Rewey pointed out, there's a huge dif...
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Hello BP Community,I have an important tax related question that I need someone to help answer. I have created my LLC back in July 2018 and started my first flip in August 2018. I actually had 2 months and 15 days to ...
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I'm really in an investing conundrum here...About 2 months ago I bought a house, well, manufactured home. Please read the details of that deal here. (It's the second deal.) This isn't a shameless plug for my site, I j...