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9 April 2023 | 29 replies
First read all of the posts above and summarize what your take aways were.
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17 August 2021 | 8 replies
These have been outlined in a number of posts here and on many BP podcasts, but to summarize, you need to first determine the cash you expect to have coming in (rent, pet rent, laundry, etc) and the cash you expect to have going out (PITI, utilities, garbage, maintenance, capex, vacancies, property mgmt).PITI, utilities and garbage can be considered "fixed" expenses that can be accurately determined ahead of time.
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9 November 2021 | 14 replies
Since some of the regulations and requirements can be confusing, we've created this document to summarize the options for a foreign investor.
9 December 2023 | 2 replies
The choice to sell vs rent is usually summarized by: do you need the money right now or not?
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20 July 2023 | 4 replies
I suggest you google it as I would not be able to summarize it fully.
8 December 2023 | 3 replies
@Mike Deneys@KC Pake did a great job summarizing it!
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28 October 2023 | 7 replies
Apologies for the long post, but I'm honestly very thankful for your responses.Take care,Gregg To summarize, closing an investment loan in the LLC is just as easy as closing under your personal name.
15 December 2023 | 7 replies
I don't think Bigger Pockets will allow me to post links, but the pros and cons summarize the article well.ProsIncrease potential ROI of retirement savings by investing in nearly any type of asset.Rental property can hedge against inflation and economic fluctuations with a diversified retirement portfolio.Profits generated from a rental property in an SDIRA allow for tax-free growth.Property can be bought and sold within an SDIRA without using a 1031 tax-deferred exchange.ConsUsing all of your retirement savings to purchase a rental property in an SDIRA can significantly reduce diversification and increase potential risk.Rental property held in an SDIRA cannot be for personal use or family use (like a vacation home), including distant relatives or service providers of the SDIRA.All expenses must be paid for with SDIRA funds, third-party contractors must make the repairs and manage the property, and funds deposited in an SDIRA beyond annual contribution limits will incur significant penalties.Tax benefits, such as depreciation and operating expenses to create a paper loss for tax purposes, cannot be claimed with rental property held in an SDIRA.I see that @Jeff Nash also referenced prohibited transactions in his reply, and that he's an accountant so he would probably have additional information to add if you wanted more details on what is and isn't allowed.
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10 June 2023 | 33 replies
Hey guys, I just read an article on the Best Markets to Invest in Air BnBs for 2023 and wanted to share my findings/summarize the article, and see what the BP community thought.Here were the article's best markets, divided into three categories:Metro Markets:Nashville, TN:- Nashville continues to provide good investment opportunities for short term rental investors due to its vibrant music scene and and group-friendly shenanigans that Broadway street can offer visitors.
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7 January 2024 | 57 replies
@Josh Bugbee not to reiterate what's been said, I'd add a few points to summarize.