Account Closed
How long do I have to wait to apply for another mortgage?
If I buy a house with an FHA loan or conventional loan, how long do I have to wait to buy another house with another FHA loan or conventional loan? I assume that getting a mortgage in my name will lower my credit scor...
Account Closed
New from Central NJ - Dilemma
Hi BP,
I am new to REI looking to own my first rental property. I've been reading up and teaching myself for weeks now, and have been checking properties online and driving through some neighborhoods in central nj l...
Shawn Walters
Sell Rentals and do Flips instead?
I have about 20 rentals that are generally all rented every month. Net cap rate on them are about 5-6% yearly. In the past 2 years I've stepped up doing flips and have found them to be more profitable and frankly mo...
Matt N.
Tax Question Mileage (Accountants help?!?)
Hi, I have a scenario I am hoping someone can assist me with for mileage deductions.I live at Property A. I work at Corporation B (primary job and unrelated to real estate). All my mileage is typically showing clients...
Jimmy Warr
Refinancing from Hard Money
In Memphis TN, if i use hard money to finance a quick deal (small commercial loan) and refinance it using a traditional bank within 3 months, does the bank still typically require a 15-35% downpayment?
Or will I jus ...
Ken R.
Newbie From Oklahoma City
Hello BP family, Just wanted to take a sec and send some positives vibes. I'm an entrepreneur from the Oklahoma City area that has recently expanded into REI. I'm new to BP so of course I'm a little green but I'm look...
Sameer Kh
Should I do double inspection for Turnkey rental
hello fellow BP fans,I am about to close on my first Turnkey rental. The Turnkey / property management company I am working with is well known in my area and reputableThe company owner is doing his own home inspection...
Cody Barrett
Updating takes time
Hello everyone!Not a question but just a general post.. I am doing some minor renovations to my 1st property and what a learning curve. I really haven't done much but the time it takes to simply paint cabinets alone ...
Jeremy Clarke
HELOC / Home equity loan to purchase a property?
Hello BP community! This is my very first post. I signed up for this website about 20 minutes ago. I'm looking for a little advice.
I'd like to start out and explain my situation. I do not consider myself and expert ...
Chris Herrera
Practice Run-Duplex
I'm looking at a Duplex and want to see if my logic makes sense.Purchase P: 200,000Down Payment: 40k Mortgage: ~800/monthGross Rents: 2,000/monthTaxes: 375/month Insurance: 200/month Vacancy 200/month Insuran...