Michael Plaks
EXPLAINED: should I trust all those "End-of-Year Tax Saving Tips"?
24 December 2024 | 6 replies
Second: writing off the full cost of a new car is badly overhyped.
Brittany Myrick
The Newest New England Investor
14 January 2025 | 11 replies
If you're looking to scale and take full advantage of house hacking, look for a property on the larger end of the spectrum, ideally 4 units.
Kevin Upton
Hoping to Connect
14 January 2025 | 5 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
Ryan Crowley
Pay off mortgage and snowball?
19 January 2025 | 61 replies
Leverage and invest at 40x $100 000 properties ($20k down + $5k closing cost, 30 yeas fix rate loan) with a return of 10% where you have better asset protection (my keeping lower equity and higher bank position), you are hedge against inflation (agree with me, in 30 years $1 000 000 purchasing power will be less compare than $1 000 000 today) Here is how looks mathematically:1. 10% on $1 000 000 (10x $100 000) = $100 000 / annually - No interest tax deduction- No loan paydown benefit2. 10% on 1 000 000 (40x $100 000) = $400 000 / annually - debt service + full tax benefits+ loan pay down+ hedge against inflation for 30 years+ better asset protection (by maintaining lower equity position) + (not guaranteed of course) if appreciation happens, it happens on the all full asset amount, example:If appreciate 10%:In case "1" you will have 10% on $1 000 000 = $1 100 000In case "2" you will have 10% on all 40x properties (40x $100 000 = 4 000 000) = $1 400 000As far as cash flow, as long you buy "right" CAP 8% and higher you will have stronger cash flow on leveraged asset + all additional benefits.
Tiffani Hollis
Appliances - New or Used?
17 January 2025 | 6 replies
But if I am doing a full rehab, I would get new myself.
Roman Balmakov
Should I Buy a Cashflowing Multi-Family That has Permit Issues?
17 January 2025 | 7 replies
It will be a can of worms for sure and they may go as far as requiring a full tear out and fresh submittal.
Meir Koplovitch
Real estate investor in Birmingham, AL
8 January 2025 | 13 replies
I work for Evernest, a full-service PM company, here in Birmingham.
Mike Levene
Most efficient source to pull funds from for a down payment?
16 January 2025 | 5 replies
I have gotten a seller's credit for my 3 existing units but to be conservative, I will assume I am paying full closing costs here.At the moment, I have ~$25k in a HYSA and expect to save another $10k from my W-2 before I start putting offers in.
Ricardo Polanco
Scranton Multifamily deal - Possibility of changing 2 units to 4 units.
1 January 2025 | 4 replies
Quote from @Ricardo Polanco: Good evening everyone, I am evaluating the possibility of buying a multifamily property in Scranton, at this moment it has 2 apartments that only need cosmetic repairs and it has a big 2nd floor unit that needs a full repair.
Sebastien Lamarche
Hello BiggerPockets! New PRO here
6 January 2025 | 3 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.