Isaiah Tademy
Real Estate Professional Status & Taking Losses Against Full Time Income
Hello BP Community,I'm a bit stumped. I've talked to several investors and my CPA and am getting different answers. I am a full time insurance agent with a relatively high income, and my wife got her real estate licen...
Connor Steck
Househack advice/ question
Hey there, I’m wanting to do a house hack and I’m wondering about the logistics, I live in Ogden Utah for reference. So I just started as a real estate agent at a brokerage near me and I really wanna do a house hack. ...
Will Schwalm
Finding a loan with less than 2 years work history?!!
Hello everyone!I have a question about loans that I would really appreciate any and all advice on! I am finally at the point where I am looking to purchase my first investment property but I am running into a minor o...
Jorge Abreu
What Does It Mean To Be An Accredited Investor?
Once you decide to dive into the real estate investing world, it won’t be long before you hear the term “Accredited Investor.” Once you notice how many passive commercial real estate or crowdfunded investment opportun...
Wyatt Szelest
Does BRRRR help with DTI ratio?
I am currently a college student preparing to do a BRRRR deal but I have run into issues with financing. I planning on using private money to fund the initial purchase and rehab but have had some trouble with talking ...
Michael Macaluso
Looking for asset based lender
Hey biggerpockets community. I have a single family property in New Jersey. The rental income is $2000 a month. I’m looking to replace my fha loan with a loan that uses the rental income to qualify. I’m unable to qual...
Tyler Harris
BRRRR Strategy with no proof of income to refinance
Hey so I am still in college so I only have income in the summer. I am wanting to use the BRRRR strategy on a home but I am worried I will not be able to get refinanced after repairing the home and finding a tenant. D...
Kin Leung
Tax and mortgage interest question
Hi BP,
We currently have 3 properties in the Bay Area, 1 of which is our primary residence. The other 2 are rental properties with enough positive cash flow that we have to pay taxes on the rental income after all the...
Austin Green
Cashing out 401k, Is it as bad as people say?
I'm considering cashing out a modest 401k and combining that with cash to purchase a 4-plex. I have seen lots of discussions about the pros and cons of cashing out. Some people suggest solo 401k or self directed, or j...
Chris McMonagle
Seller-Financing Terms - Questions to ask?
I'm considering a purchase of 3 properties, with one caveat being they need to be seller-financed for at least 5 years. The current owner is retiring and wants consistent income until he hits the age when he can accep...