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Results (10,000+)
Joe Rinella Good Massachusetts CPA for Real Estate Investors?
19 March 2024 | 21 replies
Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.
David Pearl Cash out refi for Airbnb farmhouse retreat
18 March 2024 | 11 replies
However, the caveat to this is that there need to be acceptable comps in the area.
Whitney Lares St. Louis BRRRR?
19 March 2024 | 24 replies
You absolutely can, if you're lucky enough to be first to the deal and get your offer accepted before 20 other offers come in. 
Julia Hagen Just spent $7,000 on home warranties..?? 😫😳
19 March 2024 | 46 replies
My son got accepted to the Ohio State University School of Engineering recently
Ashley James New REI and hope to pursue flipping - Glad to be part of the BP community
18 March 2024 | 1 reply
I’m excited to learn and evolve from you all and I’ll glad accept any words of encouragement and helpful resources as we start out :)Have a lovely day all!
Ryan Zimmerman Renting out a property with a conventional loan.
18 March 2024 | 16 replies
While lenders typically accept existing tenants, they may require a copy of the lease and consider rental income in your debt-to-income ratio.
Latonya Iskan Out of State Section 8 request
17 March 2024 | 7 replies
We just got a request asking if we accepted out-of-state Section 8 vouchers.
Maria Moya People keep telling me not get into real estate
19 March 2024 | 11 replies
Then they tell everyone else to avoid that challenge as if it's impossible to succeed, rather than accepting responsibility for their failure.
Mary Jay When would you buy a property with a negative cashflow?
22 March 2024 | 88 replies
Here are some situations where it might make sense, along with considerations for how long one might wait for the situation to improve and what margins might be acceptable for a flip:Expectation of Significant AppreciationStrategic Value or Unique OpportunitiesMarket Rents Expected to IncreaseFix-and-Flip with No Rental StrategyConsiderations Before Buying with Negative Cash Flow:Financial Resilience: Make sure you have enough cash on hand to meet the shortfall without endangering your overall financial situation.exit Strategies: Establish practical, well-defined exit strategies.
Neisa Adams Next Step: Hire an inspector?
18 March 2024 | 6 replies
@Neisa Adams Usually you look at the property (I bring my contractor on the initial showing because if he says no to a property then the deal is dead in the water to me) then you decide if you’re making an offer, then after your offer has been accepted you get an inspection done and once the inspection report comes in you get your estimates.