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Results (10,000+)
Iliana Herrman Guidance for an Eager BP Newbie
3 January 2025 | 5 replies
You have to adjust your expectations to match current reality, which includes higher mortgage rates, higher prices, more expensive taxes and insurance, more competition, etc.
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
Tanner King Analyzing a House Hack (First time buyer)
6 January 2025 | 13 replies
Compare this to your total monthly costs, including mortgage, insurance, taxes, vacancy and maintenance.
Lindsey Konchar Building my MN REI team!
30 December 2024 | 3 replies
I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...
Alvin Sylvain Anybody play this game called "Tenants" on Steam?
24 December 2024 | 9 replies
Quote from @Leo Ray: LOL ....next up: a videogame simulator for doing your taxes.
Denise Lang Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
Be aware of tax implications: rental income is taxed in the property’s state and reported on your California return, with deductions for travel, depreciation, and expenses.
Carolina S. Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies
It will have to be a pass through/disregarded LLC to keep the tax payer the same and the 1031 valid.
Gaetano Citera New construction: Pre Fab or Stick Built
25 December 2024 | 4 replies
While the home needs to be paid for prior to delivery in many cases, the transport companies carry the insurance from the factory to the site. 
Jimmy Rojas Best place to get a -$40k personal loan
31 December 2024 | 3 replies
Unlike a mortgage the interest on your loan will not be tax deductible.