Kiel Martin
Buying homes for cash
Hello all. I have never purchased a house and I am about to. I plan on purchasing rental properties with cash from $15k to $40k. What I was curious about is the closing cost of these types of homes, is it really on 3%...
Michael DeFrancesco
Is the Denver market in a Bubble.....?
New to BP and moving to Denver and hoping to begin my journey in REI.Does anyone have an opinion on the market in and around the Denver area. My understanding of it is that home values and rent prices have skyrockete...
Karac Davis
Changing House from my name to LLC
I have a townhouse I’m living in I got for 180k. The rate is 2.75. I have like 25k of it paid off. My wife and I want to move out and keep it as a rental. How can I get it changed to an llc for liability purposes? Cit...
Ed Shin
Depreciation of Property Converted Back and Forth from Personal to Rental
We converted our primary residence into a rental when we were stationed overseas five years ago. During those five years, we claimed depreciation (based on a 27.5 year depreciation schedule), mortgage interest, and o...
Abby Weaver
Lease STR property to LLC for operating/property management
Financed my first STR to get 90% loan, so property is in my name (not owned by LLC).Any benefits to leasing personally held vacation home to my own LLC, to help keep business expenses separate from personal & long...
Karen Margrave
FANTASY DEALS
As a developer/builder there's always ideas swirling in my head about "fantasy projects" I'd like to do someday. One that is just outside our grasp right now, and I'm sure all of you have some too.
If you c...
Account Closed
New credit report rules require 30 months of payment history
Just saw this story here: http://bit.ly/2d6Px2RThe gist of it is that beginning tomorrow Saturday 9/24/16 lenders will now consider a mortgage applicant's payment history over 30 months to determine their credit worth...
Kamil Kisielewicz
Best Place to House Hack for Software Engineer?
Hi All,
I'd like to start by saying thank you to anyone taking the time to read this post and reply! This is my first post on BiggerPockets. I've been reading financial books on real estate and stock investing. I jus...
Kevin Koenig
Is the Dream Dead?
I scrimped and saved since college with a low/middle income job and I finally got into a condo in 2020 at a 3.25% rate in Southern California. Fully remodeled it myself for about, I think, all in 12k. I got rid of the...
Jordan B.
Let's talk Debt
Hello everyone, I am curious if anyone has built a successful portfolio debt free. I am not arguing leverage vs debt, leverage wins everytime hands down, no argument here, I own a calculator, pencil and paper. My con...