Hey,Had a question: What do you suppose lenders look for when performing cash out loans in Texas for an LLC? As a sole proprietor, I've acquired 3 homes all cash, then performed a cash out so I'm pretty familiar wit...
I purchased my first duplex and one of the sides had a previous tenant who smoked in the house. I've been working to get the smell completely gone and I am pretty close. I've cleaned the walls with recommended cleaner...
When initially assessing a deal, how should I account for income tax on the rental income? Without an accurate number for write-offs I'm having trouble putting any faith in my calculated ROIs.Thanks!
My son was not represented by a buyer's agent when he offered to buy a house, The listing agent told him to hire her, the listing agent, as his (buyer's) agent and agree to a 2.5% commission, so that the listing agent...
Hi everyone! Looking to purchase a property in Houston to house-hack. As I'm relatively new to the area, any advice on what areas are good to purchase in that have good/high rent rates and are appreciating well? Thank...
All,
I'm in the process of purchasing my first property - to both live in and use as an investment. I'm a newbie to this forum - and to investing - and was recommended to post the numbers here. Any assistance...
Hello all,I spoke with a mortgage broker today in regard to purchasing a home in FL for my retirement in approximately 9 months. He had told me that I’m not qualify for primary residence due to me not living within th...
Hello everyone, Quick story. My girlfriend and I have been dating for about a year. We are both real estate minded people. We are looking to purchase our first property, by buying duplex and do house hacking. We are l...
So, I find a property out in Jacksonville, Florida that I would like to buy and flip. This property is in very bad shape and would need a contractor or a very skilled rehabber to get this thing repaired and resold. Th...
Hi Biggerpockets! I need a little help or guidance. I feel like many of the properties in my area are overpriced. I'm looking to purchase SFR properties in Charlotte, NC and the surrounding area (concord/kannapolis)...