Shalom Benton
Riddle me this: why foreclose if you paid cash?
Riddle me this:I recently saw this happen but I can’t figure out what the loophole is....A trust fund baby purchases home #1 in cash for 50k. Lives in it for a few years. Buys home #2 in cash. Moves into it. A year la...
Patricia Baker
Looking for advice on Co-Share property
Hi All, newbie here. I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago. My parents have been living there until recently when I had to move them back to the Bay Area due to h...
Michell Chase
Alot on information on offsetting W-2 income but not much on 1099-R income...
I am currently drinking from a fire house on everything investment real estate. Closing on my first investment duplex this week and looking for my 2nd. I hear a lot about ways to 'off set' your W-2 income etc.. I...
Chelsea Cashe
The wood to the fire
Hey everyone!
So I am looking to learn the math when dealing with R.E., is there some special quadratic equation that I need to have handy to be able to calculate APR, interests, etc. how do I figure out how much to...
Tracy Layton
Self Insure or Landlord Policy?
I have 6 rentals, 5 of which have no mortgage. My landlord policies for the 6 currently total $7,363/year. My fiancé owns 5 rentals and doesn't carry insurance on any of them. He is trying to convince me to drop my po...
Greg Van Brunt
Flip or rent for first project
I've been looking at a SFR for a couple weeks. It need s a on of work, floor leveling, roof replacement (rafters and all) a new bathroom to be rentable. (Although I've heard it could be rent with as little as having r...
Steven Mason
USDA Loans Guide Lines Changing in June?
My sister is trying to purchase a home in Land O' Lakes, FL & a lender told her that she has to find a home by June 2nd & get it under contract because Land O' Lakes is no longer going to be eligible for USDA'...
Faith Wicks
Closing on 50K HELOC SATURDAY!
Anyone have recommendations on the right strategy to use it and get us going for long term growth & low risk? It’s on our primary home and we want to Invest In the Memphis or N Mississippi area. Do we need to sa...
Alex Heckaman
Entity Setup?
I am just beginning my REI company and am looking for advice on what entity to set up. I have read about individuals opening 2 LLC's and an S Corp, however with me being brand new to this and not at a rental stage, I ...
William Rutledge
Looking for a Mentor in Diamondhead, MS
Hi BP members, my name is Brad Rutledge. I am new to Bigger Pockets and am looking for a mentor to provide some guidance on my investment plan. Questions, SF or MF and my financing approach. Key facts of my financi...