Andres Ayala
Buying from Wholesaler, Flipping the house, living & renting room
Hello all,This would be my first flip/first time investing. I live in Austin, TX and wanted to house hack to try to have most of my mortgage covered while living in a house. The market is very competitive, rising and ...
Rich Hupper
This continues to elude me
Hi Bp I have been an independent contractor for most of my life. I am trying to understand exactly what a typical bank looks for when I apply for a residential mortgage. What number on my tax return will they use to ...
Kyle K.
1st property Insurance rate recommendations?
I'm in Western New York, I'm trying to learn while saving for a down payment. I'm looking in the $100,000-$150,000 range. Any insight or things I should consider would be appreciated. Trying to practice calculating de...
Christopher Maynard
Looking for advice for FIRST purchase.
Thank you for reading.A friend that uses the BRRRR method often recommended this site/podcast/book when I asked him for advice on learning real estate investing. This was about 3 months or so ago. I knew I wanted to g...
Jeffrey R. White
What % Do you Use for Repairs, Vacancy, Cap Ex, Mgnt Fees?
I am new to BP and signed up for BP Pro Subscription and am diving right in on property analysis. My goal is a property by the end of October.IN regards to the Rental Property Calculator I am wondering what are the t...
Todd Ryan
Afraid to pull the trigger, is this a good deal?
I live in the Rochester NY area. I've been looking to buy my first multi-family house all summer long.My search has been mainly on the mls and craigslist.I've been having a hard time finding something that will meet ...
David Troust
When do I include my chosen GC in the process?
Greetings BP! I'm thrilled to be posting for the first time, as I'm in the early stages of getting started developing rental properties in the Washington, DC / Frederick, MD area, and have a question about when to in...
Dan D.
Financial rules of real estate purchasing
I got into a discussion about expenses in an earlier post about the 50% rule and as many have said, history tends to run in line with it.So I took that as a rule, and backwards calculated purchase prices using the 50%...
Gaurav Bhasin
Multi-Family Improvement Question
Dear BiggerPockets members, I am currently in the process of purchasing a 12-unit Multifamily property in Killeen, TX. The current rents are $395 per unit (2/1) which comes out to $4800 a month or $57600. The expenses...
Matthew Fitzgerald
Setting up Accounting for first rental
Hey all we are closing on our first deal and I was wondering how to set up the accounting to benefit me the most.....
Some info I think may help...
We are buying out of state, so we are using a property management c...