Alyssa Lake
What kind of terms would you expect for this kind of deal?
1 November 2024 | 7 replies
(I know it's hard without seeing the full rent roll and financials, let me know if there's any other general details you'd need that would make you this "oh, that's why they offered that" kind of thing).
Dan Ashley
Brooklyn, NY – am I crazy to start here?
9 November 2024 | 23 replies
There are so many real estate investors that are cash rich, but don't show much income on their taxes, so you having a great salary could be a real asset to someone like that to obtain traditional financing.I certainly wouldn't look at the 1 bed condo as waste, I bought two one beds in North Brooklyn years ago and am not selling them to roll into multi families, you could do the same thing with some patience.
Jazmin Winsor
Purchased first home, house hacked and needing tax advice
31 October 2024 | 4 replies
We were fortunate to get the ball rolling fairly quickly and only have to fork out 1.5 months of mortgage on our own. my partner thinks he can do all the taxes for the home and depreciation on turbo tax, as that’s what he’s been doing forever since he’s a w2 earner.
Christian Gibbs
Can’t find renters for our 3 bedroom in a rural community: Should I put it on airbnb?
7 November 2024 | 30 replies
Learning as we go since we had the house anyways .With long drives I discovered Bigger Pockets and it has lit a fire under my tuckus to get more properties and keep the ball rolling Thanks for the advice -More data analysis and research for whatever we 1031 into next will definitely be a priority .Best-C.
Jamin Catalan
Steps to make my first ever land purchase
1 November 2024 | 2 replies
If you’re going to be doing land deals, consider opening a business checking account; it’ll keep your personal and investment expenses separate, which can help a ton when tax season rolls around.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
If you listen to the end of Powell's speech yesterday the most important part was rarely commented on by the media which is when he said, We will continue reducing the balance sheet. translation, They are continuing to let Mortage backed securities and US Treasuries roll off without renewed purchases.
Johnny Cooke
Self storage investing
30 October 2024 | 4 replies
No studies other than there are none around like I'm looking to build. 20x30 "commercial" storage with a roll up door and walk through door.
Tyler Bailey
To Sell or not to sell *Looking for Recommendations*
31 October 2024 | 9 replies
If you have an opportunity presented, and your equity can earn more money in that deal, then I would roll it over.
Gabriel Zepeda
FHA Streamline to reduce mortgage interest rate Scam or real?
1 November 2024 | 8 replies
Since this is an FHA Streamline, there is no appraisal, no income verification, no employment verification, no out-of-pocket costs, and nothing rolled into the new loan.
Jason Boring
Contractor getting into value-add real estate investing
31 October 2024 | 8 replies
Then, roll the excess into rentals.I like your plan for keeping your exit strategy flexible for each acquisition.