
22 July 2024 | 17 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.

22 July 2024 | 8 replies
15.3% Self-employment taxes is a lot.Scenario 1 - You do a cost segregation study in year 1 and create a huge loss to offset your other income, great for year 1.Horrible for years after 1 as you used up a majority of your depreciation and now your net income will be subject to 15.3%.If your depreciation is mostly used up and don't plan to have net income, your business is not profitable.Scenario 2 - No cost segregation study is done and your depreciation is calculated over 39 years(low depreciation rate, you will likely be paying some sort of net income subject to 15.3%.Maybe not in year 1 if you have a lot of furnishings installed.
26 July 2024 | 49 replies
If I purchase ten houses, the risk are known and all risks are mine with all return is mine as well , even the unknown risk can be calculated; with syndication it's hope and pray.

22 July 2024 | 15 replies
Research emerging neighborhoods, find properties using MLS, Zillow, and Redfin, explore financing options, form partnerships, analyze deals using BRRRR calculators, and manage the rehab process.

22 July 2024 | 19 replies
But ultimately I’m not opposed to taking a calculated risk as long as I have a complete picture of the situation.

22 July 2024 | 2 replies
BiggerPockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

22 July 2024 | 17 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.

23 July 2024 | 27 replies
My realtor/PM says $0.95 to $1.05 per sq. ft. is a reasonable monthly rent for a 4 BR/2 BA property in that area, which (according to the BiggerPockets calculator estimate I did) is enough to cover the monthly payment plus the above costs I mentioned.I anticipate putting down my deposit and earnest money in the next few days.

23 July 2024 | 28 replies
It's neither quick nor easy, but it is life-changing and thus worth it.Flipping and wholesaling is NOT investing, it's a job and it is transactional and the profits (if any) are highly taxable income.

19 July 2024 | 7 replies
Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable.