Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
I'd suggest using a minimum of 25% of gross rent to cover expenses on paper until proven otherwise on any given property.Only you can decide how much cash flow is acceptable but I wouldn't consider something that essentially breaks even.
Ryan Kane
Need Advice on Next Steps for my Real Estate Portfolio
26 January 2025 | 5 replies
My spouse only makes about 45k pre tax and I essentially cover most of our living expenses except for groceries.
Kyle Carter
New company in area
9 January 2025 | 4 replies
But essentially Apple is injecting a TON of revenue into the local economy which attracts investors AND people wanting to move to the area.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
This was pretty confusing regarding "Core" Stessa features, BP should probably refer to it as "Essentials" package (free tier).
Emeka Okeke
Ready to get to it
23 January 2025 | 7 replies
I think it's fair to say that for some people, reading can essentially be another form of procrastination, just like social media and TV.
Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
Consulting a tax advisor or 1031 Exchange expert is essential to determine if the benefits outweigh the hassle.Taxes Without a 1031: Without the exchange, your parents will owe capital gains taxes.
Shayan Sameer
Fix/Flip or Rental
2 January 2025 | 2 replies
Both properties have a substantial amount of equity that’s essentially sitting idle.Would it be a good idea to tap into this equity (through a HELOC, cash-out refinance, etc.) to fund future fix-and-flip projects or purchase additional rental properties?
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
My investments were all what they termed private placement and was essentially funds used for lending, buying notes and recently land trust.After MIdland sprun this on us, my spouse also has accounts, I did some research but didn't see a purpose to remove our accounts at the time.I have not been with ET long enough to give comment on them and what little "issues" occured were technical.
Leeling Chew
Should all tenants fill out rental application, or only the one who pays the rent?
10 January 2025 | 8 replies
It’s standard practice and an essential safeguard for landlords.Trust your instincts and treat this as a non-negotiable policy.