Timothy Franklin
STR sub-to/ portfolio
1 January 2025 | 26 replies
I have done extensive research in the risks, how to structure such deals to mitigate those risks as effectively as possible, and legal considerations of each strategy.
Dana Furby
Jumping in and excited to be in the market again
6 January 2025 | 4 replies
I'd definitely be cautious, but best of luck to you!
Augusta Owens
Planning my process
9 January 2025 | 5 replies
I would definitely focus on market growth oppose to finding a cheap property.
Natalia Perlova
Tenant claims there is no heat, and it's Christmas
31 December 2024 | 57 replies
Now if it was definitely a single unit and only she could do it and it was properly labled it would be on her.
Jerry A.
Exploring Cash-Out Refi Options
6 January 2025 | 5 replies
Hey Jerry,You are definitely in the right place, there’s a multitude of lenders that could help you out.
Anade Davis
New Member Intro from Houston Texas and Florida
3 January 2025 | 7 replies
Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips.
Michael Plaks
EXPLAINED: How to find a CPA focused on real estate
9 January 2025 | 20 replies
If you care to learn about the distinctions, read these posts:https://www.biggerpockets.com/forums/517/topics/1215989-expl...https://www.biggerpockets.com/forums/51-tax-legal-issues-con...2.
Josh Smith
Help me choose amongst 2 SFH tenants!
6 January 2025 | 5 replies
Eviction headache and cost is something you definitely don't have to worry about with party #1, not to mention wear and tear.
John Underwood
No tax on Tips for Rental Income
31 December 2024 | 12 replies
Quote from @Aaron Zimmerman: I would look for other ways to legally reduce income such as cost segregation studies.
Luis Marin
Sell or Rent How do we identify what is best for us?
4 January 2025 | 5 replies
. ==== Projected Income ====**Off Season**-$4,000/Month Rent Period: September - May (7 Months) Projected Income: $28,000**Summer 1**-$8,000/Week Rent Period: June (4 Weeks)Projected Income: $32,000**Summer 2**-$8,500/WeekRent Period: July-September (12 Weeks) Projected Income: $102,000**Optional** (Basement Apartment)-$2,000/Month -Rent Period: Year Round Projected Income: $24,000TOTAL PROJECTED INCOME: $186,000 ==== Operating Cost ====-Mortgage: $84,000 ($7,000/Month) -Utilities: $36,200Gas $6,000 ($500/Month) Electricity $6,000 ($500/Month) Internet $2,400 ($200/Month) Garbage $5,000 (Estimate) Pool $4,000 ($250/Week)Landscaping: $4,000 -Mowing: $2,400 ($150/Week) -Clean Ups: $1,600 (Spring & Fall)-Weekly Turnovers: $8,800 ($550/Week)==== Legal Cost ====Summer Rental Fee: $20,100 (15% of $134K)Sandwich Rental Tax: $6,855 (15% of $45,700) NET PROFFIT: $38,845.00