Mark Beekman
How much net profit to be worth it?
An 8 unit rental building for $255,000. Mortgage is $1600/month. Taking into consideration any repairs, maintenance, and unexpected vacancies, what would I need to be netting from rentals each month in order for the d...
Brianna H.
Losses on Tax Return
Howdy!We recently filed our tax return and showed a pretty good profit on our rental. Our tax advisor said that he almost never sees profit on rental houses. I know you can repair the home to negate the profits, but i...
Andrew Tanner
Selling our first BRRRR property with seller financing
Hello BP community,
My partners and I have a BRRRR property we are ready to sell to start to scale our business. Here are the figures:
$40k purchase
$41k renovation
$141k (Sept 2019) appraisal
$105k cash out mo...
Maxwell Hibbard
Put 3.5% down FHA in a hot market or wait 2 yrs to put down 20%?
Hey I live a hot market of West Philadelphia — not sure if I should wait 2-3 years before putting down 20% for a conventional fixed, or if I buy now I could only put down 3.5% FHA with PMI. Thanks all!
Michael Sykora
Advice on buying Multi-Unit Property as Primary Residence
Hello Everyone,I live in San Francisco and am currently renting. I have been wanting to jump into real estate investing for some time now and seeing how I would also like to own a home, I feel as though purchasing a ...
Cory Howes
First time home buyer flipping a house 15 year vs. 30 year loan
Hello Bigger Pockets,My husband and I are in the process of deciding between a 15 year vs. 30 year loan for a $48,000 house. Interest rates for 15 year are 3.0% and 3.75% for 30 year loan. We plan on fixing up the hou...
Mark Burik
I can claim almost no income but will I be able to get a loan?
Hey Everybody!I've been wrestling with this question for a bit. I have a small business (not real estate) and I have currently have 4 buy and holds, each with 30 yr conventionals on them. We've had two years with a LO...
Matthew Hudson
Grandmother died house left to 4 siblings Medicaid taking house
First off let me say I'm at work right now writing this post and I'm using voice text so any misspellings I apologize hopefully it'll come out legible So I found out last night that my grandmother died and now the ho...
E Ibrahim
5-10 properties/ mortgages at the same time
Hello all,
I'm currently in the process of zeroing in on a REI strategy. I will most likely go the TK SFH route through one of the more reputable companies I've found here on BP. Ideally, I would like to make my inve...
Stephanie N.
Mortgage Lender Career Path
While I build my way to wealth through real estate, I find myself desiring a W2 job that better aligns with my long term goals and could be a more enjoyable W2 along my journey. As such, I'm considering switching from...