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24 February 2025 | 5 replies
Please suggest top cities/zip codes to look for in 2025 based on your experience.
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25 February 2025 | 3 replies
It's a cheat code to start investing.Let me know if you want to chat about it.
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24 February 2025 | 11 replies
It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.
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27 February 2025 | 3 replies
First place to start is your state and local property codes/statutes.
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24 February 2025 | 16 replies
Make sure to mention you are a BiggerPockets member as you special discounts on establishing Checkbook Control with the IRA LLC, along with personalized support.
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9 February 2025 | 4 replies
If you don’t want to spend money I’m pretty sure you could get someone to grade the surrounding dirt and add some gutters for your $5k discount and gain you will have added value and come out ahead.
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24 February 2025 | 2 replies
Bonus points if you’ve cracked the code on speeding up a slow city hall!
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21 February 2025 | 3 replies
For example some items during the rehab might need to be brought up to code, completely replaced or might break from other rehab going on due to old age.
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23 January 2025 | 0 replies
My mum currently lives there, she is 80 and not very well, but you would also become a tenant in common and as such if you had the time you could profit 100% from the transaction, as I need cash urgently and am willing to heavily discount the asset.I am wondering if there is a market out there where someone wants to get a foothold in the London market by buying my part of the property.
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18 February 2025 | 2 replies
In my opinion, since the tax code is open to interpretation, I interpret as much of my costs as repairs unless something obviously falls into the definition of asset.