
13 November 2024 | 22 replies
There is more to the formula on how much you can bring in, assuming you're self-employed.If you're an S-Corp, you can do the 23k as an employEE, then an additional 25% of your salary on top of that, with a maximum of $69k total.

12 November 2024 | 171 replies
As mentioned lots of additional boot money or if someone comes to me with a 1031 exchange and 250k they will be looking at a crap rural property or junk tenant with bad financing if they do not want to add any additional funds to the exchange.

14 November 2024 | 13 replies
If you are buying a 2 unit building, especially if you are planning to buy additional investment real estate your best bet is to work directly with the smaller banks/credit unions in your community if that's where you are purchasing or in the area where you plan to buy.

11 November 2024 | 8 replies
Many never bother to even get their licenses.A couple additional pros and cons:1.

14 November 2024 | 22 replies
Unexpected Costs: Real estate has a lot of additional costs that aren’t always obvious.

11 November 2024 | 6 replies
@Greg Hammond If you decide the property is no longer worth holding on to and you decide to sell, in addition to the capital gains you want to consider depreciation recapture as well as any closing costs and commissions.

12 November 2024 | 10 replies
@Albert Bui @Carlos Valencia There is no offset when you live in the 2-4 unit remember its a full HIt to your monthly PITIA and yes you can use the rental income but only as an addition to your qualifying income, you're still taking a FULL hit on the PITIA.Its only offset when you vacate or move out or it has already been converted to a rental (pure investment/non owner property).

11 November 2024 | 2 replies
If you will be purchasing materials those cards offer some discounts and in addition you can get pro discounted pricing on larger orders as well.

12 November 2024 | 7 replies
Here's an article with additional FAQs on cost segregation studies.https://www.biggerpockets.com/forums/51/topics/1113749-cost-segregation-faq

11 November 2024 | 13 replies
I'll do some additional digging in the comps with that lens in mind and report back.