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Have any of you come across FHA’s supposed rule that you can’t buy a 2-4 unit property if the unit you plan to owner occupy is significantly smaller than the residence you currently own or are moving from? What are th...
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Hello BP,
I'm looking to do a cashout finance for a duplex and single-family home. Both properties are owned through two separate LLCs. I was recently working with a bank that came very close to approving my loan but...
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For purposes of reducing my personal taxable income, is it effective to run rental income & expenses through a business? I need some of the rental income for personal household expenses which would be a salary (r...
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Hi I don't know if this financially makes sense for my case. I want to house hack in LA specifically Monterey Park area. With PIMI + utilities + car payment, I would use my whole month of paycheck if I lived alone in ...
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Hoping to get some advice for you all. I have a 2 story townhouse rental that currently has all tile on the first floor and carpet on the stairs and 2nd floor. I have decided to get rid of all the carpet and replace w...
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Hey all-I’m looking to purchase land in Minnesota for now primarily to plant a bunch of trees to offset my carbon footprint. But, as an investor, I also am open to renting it to hunters, or forest mgmt / replacement ...
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Hello!TL:DR What income do loan officers look at? Total, Adjusted Gross, or Taxable Income?More in-depth: Should I file as sole-proprietor and reduce my tax liability by reducing my adjusted gross income (pays more SE...
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I decided last year to embark on a different strategy than my normal buy and hold investment strategy given that the market for buy and holds in California has become a lot more difficult where we have seen CAP rates ...
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Hey BP Nation,
I am a young investor who has been hunting for my first property to househack in the Cincinnati area, and I am happy to report that I have a duplex under contract!! I am very excited to get started and...
I am new to owning rental property. We lived in our house for 7 years and weren't having much luck selling it so we decided to try and rent it out. We had an overwhelming amount of people interested and picked what we...