In October I purchased a rental property and put in about $10-12k in repairs. The property is now rented and I net about $400/month on it. The question is do I take a 2nd mortgage on the home to pull my $10k out. The ...
Hi Everyone,Still relatively new to REI. My question is, if you know how much someone owes on their mortgage and they are in pre-foreclosure, generally, what would you initially offer? Would you offer what the same am...
Are there any ROUGH rules of thumb for determining a STR or Mid-Term Rental from a Long-Term Rental rate?For example, if I know a property can rent long-term for $1500/month, can I do x2 ($3000/month) for MTR and x3 (...
Some feedback please.
I am in the initial stages of refinancing my existing primary home mortgage and loc.
Lender verbally asked for gross income, current debt , home value info, etc. Numbers and credit were ok. Got a...
Will the home owner have to open the house twice for me to walk through as well as the buyer?
how can I acquire a pproperty using creative financing and make it a rental property? Please Help . The property is for 27,000 already in rent ready condition and I have a section 8 twnant interested in the properry t...
Is Roomster a good website/app to use to find renters? I am curious to see if it is worth it to purchase a membership. On roommates.com, I cannot read the messages I receive, but I am able to message the person and pr...
What is the problem with mortgage over basis when I sale my property and how do I solve it?
Hoping to hear from folks on both sides of the equation in respect to SFR rentals - what is the pro/con analysis of finding, renovating, and managing income properties yourself locally, versus purchasing from a turnke...
Hello Bigger Pockets Readers. I am planning on asking this question to my tax attorney and tax adviser, but I wanted to get some feedback and ideas on here first. I am currently under contract on my first real estate...