Andy More
70% - Repairs?
I've never purchased a property with the intention of flipping. Always with the plan of buy and hold. I know many flippers look for property that they can buy at 70% of ARV minus the cost of repairs. I assume this equ...
Joe Scott
Tax return size --- an audit flag?
Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag?? I have about 60 rentals and 25 installment sales. I'm continuing to add more over time. Most are cheapie ...
Lynn Maher
HELOC denied and don't know what to do next
I have a few things going on. So much that I wasn't sure how to title this! First, I have too much credit debt (embarrassed to admit 50k) and wanted to obtain a HELOC to pay off and at least get a tax credit for the i...
Justin Jacobs
HELOC and Refiance Options
Hey everyone really need some help trying to bring my investment to a full time level. I own 3 units currently. I'm trying to get a HELOC on my 1st investment property after an appraisal I will have 80,000 available i...
Ahmed Elias
Is Negative Cash on Cash ROI considered a good investment ?
Hi BP Community I am a newbie investor and trying to invest in the Mid West with the hope to generate positive cash flow. Since this is my first investment I am trying to play it a little safe. My concern is that I am...
Account Closed
Bay Area Noobie REI: Is San Jose just too expensive for me?
Hello All,I am a young investor saving up for my first multifamily investment in San Jose, CA (or the south bay area). I hope to finance with an FHA loan and live in one of the units.At first I wanted to invest in a d...
Matt Liu
Credit Partners... The Key to Wealth??
I just realized today that credit partnering is a fantastic thing. If I find the deal, and a credit partner gets the money at 3.75% (or even at portfolio loan rates), we split the downpayment and split the profits 50/...
Mayukh Guha
Athens GA first rental property
Hello Everyone, I am new to BP and have been thinking about buying my first rental property for a while. I had lived in Athens GA as a grad student (2010-2016), however, I now live and work on the west coast. I was wo...
Miles Morrison
House hacking my way out of college debt!
Hello BP community, I am new to REI/BP and grateful to be here! I am looking to house hack my girlfriend of 8 years and myself out of college and car debt via house hack (short term) and then onto financial freedom in...
Travis Lucy
What if interest rates go up?
I'm sure we all know central bank rates are quite low in Canada and the US, and I don't want to get burned if they go up in real terms at some point. When considering buying a property, do you make any allowance for i...