Lawrence L.
House hacking my CPA says don't claim rental income
I have a one family house renting out the top living in the basement. My CPA says when I file I should not file showing the rental income because if I want to sell then I will not get the 250,000 tax free allowance. I...
Francis A.
In fast-growing Phoenix, higher rents have pushed more people to their financial limi
WSJ: https://www.wsj.com/real-estate/eviction-phoenix-constable-1...PHOENIX—On a recent afternoon, Rhys Torres crossed a partly shaded courtyard to a white stucco building. He tapped on a door and a woman in a fleece...
Jason Port
First deal ever...any advice?
OK, I recently got into the business...and when I say recently, I mean like 2 months ago. I haven't put a deal together yet but, I was wondering if any of you guys could tell me what you think the most important firs...
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
Hi,
I have two BRRRR loans with Fixated Funding, both starting and closing on the same day. One loan was locked at 6.9%, the other at 7.1%. However, I just received the closing docs, and the rate on the 6.9% loan has...
Roberto Westerband
First Lien HELOC Strategy
What does the BP community think about 1st lien HELOCs as a way to free up equity in your primary home for investment purposes? If anyone has gone through the process, can you give any advice as to whether you recomme...
Ashley Sanchez
Need your 'two cents'! How far in advance to get 'pre approved'?
Quick question:
How far in advance should I seek a pre- approval or 'get qualified' for a mortgage loan to purchase a home?
It seems that I have had to pass up at least 2 realtors now because after our first convers...
Sam Booth
Is this a good deal?
I am in escrow on a foreclosure that fixed up would be about a 200K property. I can get it for about 145K but it needs a few things as its a 50 year old home in a great location. This isn't my first rental, but I want...
Matthew Thompson
Multifamily Properties- too good to be true?
Hey all,First time poster here on BiggerPockets. Lately I have been reading a lot about multifamily properties. They seem to be much more profitable, dollar for dollar invested, than single family properties and posse...
Brian J Allen
Fannie Mae 5% Down Multifamily Loan: A Double-Edged Sword
In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...
Kathlyn Lewis
Tenant late with rent - what to do
Hello!
New to the Landlording game. We recently bought a duplex in Boise, ID and inherited tenants. This is the first month we are collecting rent.
One of the tenants has informed us that she will not...