Ross Ellington
USAA VA loan
Hey BP! I was wondering if any one out there has used the VA from USAA and if they counted the 75% rental income to couple with their job income? Some lenders don't and I was wondering what side of the fence USAA was ...
Robert Mayo
0 income, have cash, fico 800 - loan possible?
As in the title, I have no income but I do have cash. Do you think I could get a loan at a reasonable rate, or am I limited to cash-only deals? It would be nice to utilize a little leverage. My FICO is around 800.
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AJay Williams
Hard money + refinance = free income property
Hello, I am a new investor and I am pondering a new strategy. If I buy a property from a motivated seller for 80k then refi for 110k because that is what the comps in the area are worth can I keep the property as a re...
Remona Castle
Yikes, Am I in over my head??...Any suggestions to save this deal
I acquired an off market property a couple of months ago. Its a SF home, 3/2/2, 2700 sq ft on a large corner lot (3/4 acres). Loads of potential. Estimates from two different GCs showed rehab cost at more than twice w...
Billy Daniel
Becoming an agent as a second, part time job
My wife and I have been interested in the real estate business for some time now. My question is, can I maintain my current full time job and work as an agent at night and on weekends? My main goal is to get my feet...
Account Closed
Just walked away from a deal ....
Since doing a deal or walking away sometimes involves a gut versus head call and you wind up in shoulda, woulda, coulda land anyway ..... How often do you regret *walking away* from a deal? Or do you just make the de...
Brandon Turner
Self Employment Tax on Rental Income held in an LLC?
Any tax pro's out there?
If I own a LLC that owns an apartment building, do I have to pay self employment taxes on the cashflow each month? I know normally passive income does not get taxed with self employment, but...
Kay March
Tenants taking care of repairs. Should I worry?
My new tenants seem to want to take care of repairs themselves. They are a couple in their seventies, so I see their obvious aversion to having the landlord coming around to take care of things as evidence of their de...
Yvette Chung
First Timer Home Buyer - Looking at a duplex
Hello all -I am a first time home buyer with no experience in RE other than knowledge acquired from my lurking on BP. I decided that my first step should be to find a duplex or small MFH to "house hack", as I am curre...
Charles Chester
Industrial Real Estate
When is a market too specialized? I have a somewhat different idea to a real estate investment, that is not discussed much. It would be industrial storage in a sense. I would love to pick anyone's brain that has ex...