Dominique Mitchell
16 unit multifamily feedback
Hello All. I currently came across a 16 unit apartment building that needs ALOT of work. It will be a full gut rehab, my contractor is thinking around 300k-400k. The current sale price 65k. The building ranges from 1b...
BiggerPockets .com
Survey: Short Term Rental Income to Help You Qualify For a Loan?
Hey there, BiggerPocketeers!I'm looking for feedback about the ability to use short term rental income to help qualify for a mortgage. Would you be interested in taking this short survey ?
Guillaume Derouet
What is the best city in south east Michigan with the higher ROI for rentals ?
Hi Guys, Im looking to invest in south east Michigan into rentals but wanted to avoid Detroit. I was looking at Dearborn, Livonia, Redford... Is there anyone who can give me an advice ?
Account Closed
Leases transfers with the sale of a rental property..right?!
Am i crazy or is this agent just an idiot..or lying to me.I had a verbal agreement with a buyer who contacted me directly regarding purchasing a townhouse im selling (Goodbye stupid HOA!!). Tenants are vacating 7/31. ...
Ivan Cortez
Inherited Tenants - How to Introduce Yourself
I have entered into a contract to purchase my initial duplex and anticipate acquiring two tenants who have occupied the property for a significant period of time. Currently, both tenants are on month-to-month leases, ...
N/A N/A
Help Refinancing a Home in NJ
Hey Everyone. I'm new to the forum and need a little bit of help. My wife and I are have been trying to get a mortgage on the home we live in. It's been a long, complicated process, so I'll try to sum it up as best I ...
Account Closed
Fannie Mae - is this a common problem?
Hey everyone,
I figured I'd ask here because I know many of you have dealt with Fannie mae a lot. I've been having a problem with a listing and wanted to know if this is common or if something's wrong.
Here's the dea...
Chad Coleman
Tax consequences of transfer a house to LLC and rent it
I have lived in a house for 4 years and moved recently to a different house. Was thinking to transfer the old house to and LLC and rent it out. I think since I have lived in the house for full 4 years, there will be n...
Seth Wilcock
Double Deposit As Compensating Factor?
Hi Everyone, First time (soon-to-be) landlord here. On many of the rental applications I have seen (including the bigger pockets application) I've seen verbiage that states "Compensating Factors can include additional...
Chris Herring
Tax Strategies When MAGI Exceeds $150,000
Hello, I'm a long time lurker but I believe this is my first post. While I have upcoming meetings with a real estate CPA, attorney, and a financial planner I want to reach out and see if anyone has some insight.My bu...