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I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
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Hello everyone,
I have never bought a house or a rental, but I have started doing research and looking into what I would want. I just started my corporate career making an average salary. Looking to buy a cheap prope...
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I have been wondering what would be a better strategy, making two extra mortgage payments/ year or using that money elsewhere. I'm going to use a basic mortgage calculator for the doing the math on this example.If I h...
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Hello all, first post.
Im looking to buy a new primary home while I still have another property on the books and not sure how it will be treated in a mortage.
I will explain the best I can and start with some backgr...
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We woke up to some very disturbing news this morning. One of our duplex tenants notified us that the couple living in the other unit had a big argument early this morning. According to that tenant, the male shot and k...
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I have a friend who wants to sell their triplex in San Francisco, but they have two long term tenants who have been there and because of rent control, they have a hard time asking them to leave. I've never worked in r...
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It seems like there hasn't been much discussion about new residential construction projects and the opportunities they offer. Given the potential for high returns, customizable involvement levels, and significant tax ...
Hi - I am new to BP and looking forward to learning a lot from so many intelligent people. I'm looking to invest in my first rental property in Little Rock, AR and would love to hear some feedback from people in this...
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I am purchasing a SFR with a self-directed IRA along side a non-recourse loan. Much question is this. This home has flipping potential but I will not have enough reserves in the IRA to do all the improvements. Is ther...
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Let's start with the good news. First, this is my first post on BiggerPockets, even though I've been an avid reader and podcast listener for more than a year. Second, my partner and I recently purchased our first rent...