Ben Hunt
How strict is the FHA Self Sufficiency test?
I'm looking at buying in an off market 4-Plex in Austin Texas using FHA financing where passing the self sufficiency test is iffy.In my calculations, 75% of the total rent covers approximately 100% of the PITI. Howeve...
Carlos Guzman
Should I dump my CPA ?
Hello Everyone,Piggybacking on another post about CPA recs, I wanted to share my experience with my current CPA and get feedback My CPA does not disclose up front what costs would be associated with meetings, advice a...
Account Closed
Property with a Realtor, How can I find the seller?
Hey BP!So there is this home in my neighborhood. It is in a very great location here in Richmond Texas. I always knew for awhile no one lived there due to the condition of the fence and the backyard is trashed. Unfort...
John Hyre
Pass-Thru Deduction, Landlords, New Regs
Panic! Landlords Cannot Take New Pass-Thru Deduction! NOT.The IRS just came out with proposed regulations on the awesome new Pass-Thru Ded...
Chris Jensen
Do Real Estate Agents Shun FSBO Properties?
So I'm genuinely curious about this topic, and I apologize if it's been covered previously. I've been thinking a lot lately about sellers who go the fsbo route but say they are willing to entertain buyers with agents...
Marie Withelidua
I own a home in a declining area...
My apologies in advance for being verbose, but the details are necessary. I've been living in my home for 7+ years and I've seen the neighborhood change with some property owners renting out their homes instead of sel...
Alex Applebee
You have 50k to invest. Where do you buy?
If you have 50k to buy rental property with, where and what would you purchase?
Brendon Kerrigan
Feedback on RentRedi
Hi BP Community,I am about to place my first tenant and I used the $1 trial with RentRedi, so I went through their application process, which was relatively easy, streamlined, and I did like it. However, now that I a...
Rishi Ramlogan
REAL return on real estate is MUCH lower than many claim here
Real estate is a good enough investment as is - why tell people fairy tales?First off, I am talking about pure passive investing. If people want to get into the real estate BUSINESS, and do all the labor that is in...
John Nail
Creating a LLC, renting to myself
If I buy a duplex and live in one side, can I create an LLC to control and protect both sides?
Basically I want both rent payments to go to the LLC to pay off the mortgage faster. I figure if I have to rent an apart...