Jason Sung
BRRRR: Renting out before refinancing needed?
I am about to try my first BRRRR. One question about this strategy is, do you need to rent out before cash out refi? Or, it is OK to do cash out refi first, then rent it out. I think I read somewhere that the latter i...
Michael V.
Good or Bad Investment?
Looking into this property. In need of a second opinion.Price$750,000Property Sub-typeGarden/Low-RiseNo. Units45Property Use TypeInvestmentBuilding Size35,000 SFCap Rate17%Price/Unit$18,000Occupancy91%Property TypeMul...
Brenda Guzman
House hacking information
Hi everyone. My name is Brenda and I live In Minnesota and I want to start house hacking my house. I just have a few questions about the legal side of the whole deal. Do I need to have someone come out and inspect it?...
James G.
Is Buying This Duplex Possible?
Hi BP. I found a duplex for $75k that I really like, and the numbers work out perfectly, but there's just one problem... I am a college student with no income, so the banks won't give me the time of day, and it would ...
Marc Izquierdo
Benefits of LLC vs no entity with flipping
In about a year I plan on starting to flip houses with a partner. Recently, I've started to do some research on different entities (S-Corps, LLCs, etc) in order to potentially minimize taxation on our profits.Based o...
Tim L.
Question About Renting to a Relative
I'm considering purchasing a home for my mother to live in, since she is currently renting and unable to purchase a home for herself. I will charge her fair market rent, but I want to make sure that I am able to claim...
Robert Wood
The benefits of having a mortgage on a investment property
My question is Bp teaches you to use bank’s money. One of the purposes is to get tax breaks but don’t you still have to claim the profit of the cash flow you do get after your mortgage and bills are paid
Yvonne H.
How to let applicant know they were denied
I get a lot of applicants, escpecially from Zillow, that for any number of reasons--be it income, background, credit, whatever--they don't qualify. What do you tell your applicants when they don't qualify? I don't wan...
Tynan Dill
3x the Rent Rule and Housing Choice (Section 8) Vouchers
How should I apply this rule to prospective Housing Choice/Section 8 applicants, or should I even apply it ?
I've seen a mixed group of advice on this topic. Some say they apply it as they would anyone else, some say...
Caroline Davis
Property Taxes Are 6.9% Of Alabama’s Tax Revenue, Lowest in U.S.
Property Taxes Are 6.9% Of Alabama’s Tax Revenue, Lowest in U.S.
July 12, 2022/in Community Development, Economy, Featured, Government, Housing, News, Real Estate, Resource/by staff reports
Despite many economic exp...