I had a funny thought pop into my head as I began to prepare for the upcoming tax season: should I intentionally pay more taxes (by not taking all deductions/credits claimable) so as to be able to leverage that income...
About 6 months ago we purchased a duplex using a DSCR loan. The original intention was to do a light cosmetic rehab and rent it out. We put 20% down at 8.25% on a property with a $136k purchase price. Loan is just ove...
I was an investor in New Jersey, slowly building a small rental portfolio. I had flipped a house and a wholesale deal, and owned three rental properties. I had some ambitiously huge real estate goals, and buying one r...
What financial resources have you found to be the best place to secure personal lines of credit in the amount of at least $100K or more? What were some of the conditions you had to meet?
Hello BP Community! I am considering multifamily properties from 3-10 units. I know anything from 2-4 units will require a residential loan and anything more than that will require commercial financing. Curious to hea...
My fiance and I are starting to take our first steps in buying a home (non-investment). We know we want to invest in rental properties down the road and want to start with our first house we buy. Our goal is to put so...
Hi everyone!
I am seeing that FHA has been commonly associated with house hacking. Is this simply for the lowest down payment possible? Would you still have to live in the property for a year with a 5% down conventio...
Many investors quote Rich Dad to support their contention that a HOME is not an investment.Often this is done as an argument to invest capital in their commerical real estate deal instead of buying a home. Let me also...
Hello,
Is the 20% down payment guideline a fixed rule across the industry? Or, is it possible to get a mortgage on rental property for a smaller percentage down payment? (maybe 5-10%, or even *gasp* no money ...
I didn't realize there was a such thing as too good of a deal , until I contacted a hard money lender , and a credit union . Basically I found a great deal. House valued at 120,000 (tax assessment) .The home is a 3/2....