Hi BP,I sold my property in CA for 755k and bought a property in Houston for 400k. Now, after months of trying I could not find another property to buy. So now I have a boot of 355k because I didn’t find anything else...
would it be legal to require applicants make at least 4X the rent monthly to be considered?ie rent is 1000 so must document that income is at least 4000 every month?also how could it be made legal, if possible somehow...
Recently I posted on Craigslist asking people to email me if they are interested in buying a house with seller financing. The sole reason for the post was to simply start to build a list of potential buyers.I was cont...
I thought that this would be a wholesale potential but I just found out that they are about to Shortsale the home. Home is in need of repair from what they told me, but I'm not really sure yet of how much work is need...
In 2007 I bought a Duplex in a small town called Barstow, CA for $230k. The unthinkable happened, and home values and rents dropped. It was renting for $750 each, now it's at $625 each. Now, in 2018 the value of the d...
Here’s my situation.I have a house I’m renting out to two different tenants, with their own separate units. Tenant A has a family of 5 and rents the main part of the house. The terms of the original contract was that ...
Happy Thursday to everyone,
I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...
Hi,I have an S corp question. I have an accountant. Senario-- I own a brokerage with 8 agents and I also still personally do residential sales. My agents are 1099'd as they are independent contractors. The brokerage...
Hey guys!
Long time listener, first time caller!
I have a tax/capital gains/ insurance settlement question:
I bought a duplex 3.5 years ago with a conventional mortgage. Owner occupied one side, rented out the othe...
Hi Biggerpockets,
Can someone educate me on how subleasing a single apt works and is it a good idea to generate additional cashflow? This is my general idea of how it works but I could be totally wrong.
1. Find pote...