James Letchford
4bd/2.5ba Townhome with little equity, but great rental potential
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $28,000
MLS listing with huge rental potential. Not so much equity off the bat, but largest...
Ross Ellington
Tax breaks?
Good afternoon everyone! I'm new to REI and was wondering if any of you would share with me any tax breaks that you know of or implement in your business. I don't know if it matters, but my goals are to buy, reno and ...
Alecia S.
Owner financing property
I have a property I am thinking about owner financing to buy. I am not sure how it works. I offered 10000 down payment with 300 a month payment and a balloon payment at the end of two years with4 percent interest rat...
Siwei Tang
3 friends just starting out & have questions
(Sorry, new to bigger pockets and tried to post on two forums. Apologies if you read this in the tax forum already!) Hi BP community!My two friends and I are just starting in the investment property business and are l...
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
Moved to Austin for work and purchased a home in 2021 with just under 4% interest rate. Due to circumstances at the time I was able to put 0% down without PMI. Fast forwards to 2025 and I need to move again for work. ...
Zach Stiegler
I Qualify for $700k SFH 5% down, but need 15% for $700 Duplex?
My bank, Schools First FCU says I can do 3% down on a $650k SFH or 5% on a $750k SFH, but if they see that the home is actually a Duplex then they force the Down Payment to be 15% even if I can qualify for 3% Down wit...
Venu Vedre
Question about Raising money for a new construction project
Big Namaste to all RE gurus here. Just started educating myself with RE investing. My day job is doing IT for an insurance company in CT. Started listening to Biggerpockets podcasts(still long way to go, but very insp...
Griffin Myers
How do you determine how much you can spend on a new property?
I graduated school last May and want to dip my toes into REI by "house-hacking" (in Cleveland). Per some other contributors recommendations, I'm in the process of trying to get pre-approved for an FHA loan, but some o...
Sergio Morales
Rental Property
Im looking to purchase my first rental property but i am not sure if should LLC or INC. first or neither. I want to know what i should do. Also should i buy my first home for my family first to take advantage of FHA l...
Abad Marroquin
A Potential Subject 2?
I lady who I met in church years ago told me she recently divorced and now is looking for a new place to live because she is going to leave her house to foreclosure. She can no longer afford the $970 mortgage payment ...