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...
J Scott
SFH Rental Analysis (Spreadsheet)
As another test of the new BP file vault, and to give back to the BP community, attached is the spreadsheet I use to evaluate single family house rentals.
In general, the red colored fields are th...
Suzanne B.
Creative Title Transfer to Land Title to Avoid Lien Attached to County?
My lender just discovered a lien filed in 2019 against my husband in the county where I reside. When I applied to consolidate my first and second mortgages with a new mortgage through a new lender, I applied alone bu...
Jeff McRitchie
Hit 10 Mortages - How Do I Continue From Here?
My wife and I started real estate investing about four years ago. We like the buy and hold philosophy and have done 5 rehabs of foreclosures. We are in the process of obtaining our 10th conventional mortgage and our...
Mike Smith
HELOC on Investment Property?
Hi, I have an investment property with about 50% equity in it. I am interested in leveraging the equity to do some more real estate investing. I have approached a few banks (including the current mortgage holder) an...
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...