
12 December 2024 | 10 replies
For tax purposes, the profit is calculated as the sale price minus the cost basis (purchase price + renovations + transaction costs).

4 December 2024 | 30 replies
@Rene HosmanIf it’s too much to do in excel I have a bookkeeper handle it - now there are overseas companies that can be very cost effective as well.

9 December 2024 | 9 replies
It may effect lease renewals.

5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.

2 December 2024 | 0 replies
Last week I made a post about getting a US mortgage as a US citizen who lives abroad (https://www.biggerpockets.com/forums/49/topics/1219693-getti...). People responded by explaining that residential mortgage lenders ...

9 December 2024 | 7 replies
I let them run to the end of the year as m-t-m, then send a rent raise letter, usually for $25 or $50, on or about Nov 1, effective Jan 1.

12 December 2024 | 20 replies
Besides a mouse trap, another effective way to deal with mice is a cat (if the tenant wants one and the lease allows it).I grew up on a family dairy farm and the barn had grain, which attracted mice.

8 December 2024 | 14 replies
There are more effective ways to accomplish this.

7 December 2024 | 1 reply
I’m wondering if anyone would be willing to help me out with the transaction to make sure I’m not overlooking anything and making mistakes.

9 December 2024 | 6 replies
If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).