we are separated and want to purchase a smaller property than our current home. VA is denying due to the fact that i will be moving to a smaller home and thus their underwriting team thinks i want to buy it as an inve...
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Hi BP,
Thank you, for your time.
I am about to finish the Probate Sale of my parents home in Inglewood, CA due to them having no estate planning.
My plan is to finish Probate and buy a Multifamily in Las Vegas or ...
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How would I buy a $1 million MF unit if I only had around 250k? Is it even possible? How are people funding all these 1mill + units? I contacted a couple lenders, but they've just been giving me the run around. ...
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Hey All,I have a few STR/MTR properties in Phoenix and I have never touched any of the rental income. Have just kept it in the bank accounts. Anyone have any opinion on when its "ok" to start using profits to pay for ...
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What activities qualify for the material participation tests for making your short term (<7 day on avg stay) active instead of passive income/loss? I'm taking the "I contributed 100 hours and nobody contributed mor...
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Does this chart of accounts make any sense?
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I came across many such "as-is" listings over the past week but couldn't find answers to the red flags. So, I did some research and put down afew important details. Let me know if there are other red flags as well. Yo...
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Hi Everyone,
I'm looking at getting my first rental, and am researching insurance. I'm trying to decide on insurance coverage. Am I right in assuming if a renter has renter's insurance, and they miss a payment on the...
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Hi BP people! I have bought and sold a few houses but first time doing a 1031 since saving on cap gains makes sense. I have approx $500k+ to play with and looking at San Diego, LA, Scottsdale, and New York. Most optio...
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Good morning! Great to be here.
Just obtained my first LTR and did a mild flip to improve some cosmetics. Before I advertise it I need to clear up some confusion so I can start on the right path. I realize the LL...