Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ngozi Iwunze

Ngozi Iwunze has started 4 posts and replied 11 times.

Post: Renting to Tenants

Ngozi IwunzePosted
  • Posts 11
  • Votes 3
Quote from @John Morgan:

@Ngozi Iwunze

Thank you. You are a life saver 

I self manage 10 SFR out of state and it's easy. I list them for rent on Zillow and have a handyman or someone out there show them the house and change the locks when they move in. I use apartments.com for my leases and to collect rent. It's free and they DocuSign the leases over email. Ask around town for handymen and have them do it all. I cash app or zelle people to run over to my rentals to deal with things that break. I find it pretty easy to do. Don't over think it. Good luck!


Post: Renting to Tenants

Ngozi IwunzePosted
  • Posts 11
  • Votes 3


Hello everyone, 

I am trying to rent out a house out of state. I'm my pm, this is my 2nd unit  How can I do this while living out of state? 

Thank you

Quote from @Jacob Welbourne:

No, I own the house free and clear according to the books.  I had an outstanding cost of $30k that I rolled into a cash refinance on our primary residence.  Because the interest rates were so low, I was able to keep the same mortgage payment cost we had before but for both houses with a shorter term!  Now I am considering whether to do a cash refi on the free and clear, and use a Heloc to purchase another duplex that is more expensive.  

Hey, how is your investment in Maryland 
Quote from @Melanie Hartmann:

Hi Ben! I'm actually under contract for a 4-unit property in Cumberland and looking at a potential 9-unit one in need of rehab. What spots were you looking?

How has your experience been like?

Post: TAX flipping to renting

Ngozi IwunzePosted
  • Posts 11
  • Votes 3

Taxes

I'm flipping a house, hoping to sell it and buy a triplex for rental purpose. Is there a way to avoid capital gain taxes. Im thinking of pushing my 2024 tax deduction to 2025 as a way to reduce it a bit.

Hello BP community, 

I'm closing on a property in Downtown Cumberland Maryland. Light renovation needed, 3 bed 1.5 bath. I came across some reddit post on the city and how tenant friendly it is, plus population decline. Apart of me wants to sell. My total cost is 40k, can resell at around $130. What would you do in my shoes 

Quote from @Stephen Bernard:
Quote from @Ngozi Iwunze:

Hello BP community, 

Hello Mr. Bernard. 

Thank you for the link. I read it and it gives me hope. Thank you so much


Quote from @Steve Meyers:

Hello Mr. Meyers, 

I never considered getting a house close to school or hospitals. Thinking about it, I can see it bringing in profits. Thank you so much for the idea.


Quote from @Alex Ramirez:

Thank you so much Mr. Ramirez for going into details. Without a doubt having control of your assest is a big win compared to little control. Thanks

Ngozi 

Quote from @Nicholas Coulter:

@Ngozi Iwunze is this a long term buy and hold

This is Short time buy. Thank you so much for your time.