John Hua
Section 121 question
Hi all, Me and my wife live in our SFH full time for the past year. In the upcoming year, we are getting roommates to help with expenses while continuing occupying as primary residence. We have ~400k in gains after im...
Michael Wilson
HELOC for first deal: buy MFH cash or do 20% on nicer MFH?
Hi! I’m 25 and about to graduate from college in a few weeks and will have much more free time to invest. I have a pretty good job right now and would rather pursue REI than mechanical engineering. I own a home (still...
Jaime Ruiz
Buy and hold strategy when dealing with lenders
Greetings!I am somewhat new to investing. I first bought my first rental turnkey using a conventional loan. My second deal was a flip that went bad. I was still able to flip it, but lost about 10k on this deal. BIG le...
Brad Rondeau
Selling rental - capital gains
Hello, I bought a condo in Laguna Niguel CA in December 2009 (short sale) for $365,000. Today it is worth about $550,000. In 2009/2010 I did $29,852 of improvements including interior paint, carpet, remodel kitchen/b...
John O'reilly
Foreclosure and your credit score
What should I expect my credit score to drop down to if I have a foreclosure on a couple of investment properties. I have a score of 769 now, am I looking at completely wiping it out?
Steve Newsom
Fannie Mae 5-10 Financed Property Lending
Has anyone worked with a lender who has successfully used Fannie Mae's 5-10 program in California or else where.
Colin Cody
Innovative RE Portfolio Jump-Start
Hi All - My wife and I would greatly appreciate some advice as I believe we're starting to suffer from some 'analysis paralysis' based on all of our reading, listening, etc. over the years about various/best strategie...
Wendy S.
Converting from a rental property to primary home,
So I understand I can't get a primary loan then rent the property, without living there for 1yr, but what about the other way around? If I purchased as an investment property, but wanted to make it a primary within 3...
Joe Splitrock
Surprise! 10 Mortgage Limit Includes a HELOC With Balance
I have been aware of the 10 mortgage limit on conventional financing as we moved towards it. We have 9 currently and one HELOC on our personal residence (no mortgage on residence). I previously understood that the 10 ...
Keith L.
How should i introduce myself as the the owner
Hello BP I would appreciate some advice. I close on my first 6 unit tomorrow. I've went back and forth with deciding should i hire a property manager or self perform. I chose the latter for a few reasons. The proper...