Eli Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
List the property on MLS or with a trusted real estate agent, and market aggressively through social media, local advertising, and open houses to generate interest.
Brendan Duggan
Private Lender in inaugural year!
13 December 2024 | 4 replies
Is there a platform where I can advertise a pool of mortgages for investors to buy/invest in?
Margaret Lewis
Tax Deeds in Texas
17 December 2024 | 5 replies
My figures are below.TaxDeed Winning Bid: $489.00 (My Bid May 2013)Property Clean-up: $450.00 (mowing, trash removal)Taxes & Insurance: $80.00 (2013 & 2014)Sale Advertising: $130.00 (Signage, Newspaper Ads, etc)Filings & Legal Fees: $245.00 (Deed, Lien Releases, Sales Agreement Docs)Total Costs: $1395 (approx)Sold for: $3250.00 (August 2014)That is better than the 25% I would have received if the property was redeemed during the redemption period.
Angelo Llamas
Tax breaks for a rental breaking even
19 December 2024 | 12 replies
As mentioned elsewhere, breakeven on cash flow is not the same as break even for taxes.Let's make some assumptions:Rental income = $1000Mortgage payment = $400 - but $300 is interest and $100 is principalOther expenses (repairs, advertising, utilities, etc) = $600Depreciation = $250The above scenario creates a break even from a cash flow perspective, however the tax scenario looks like this:Rental income minus the mortgage interest (principal is not deductible) minus the other expenses minus depreciation looks like this:1000-300-600-250 = $150 LossIf your income is over $150,000, then you cannot deduct that loss, but you can roll it over to future years.
Myers Bryan
Floorplan software recommendations?
14 December 2024 | 2 replies
Hi all,I tried Magicplan and found that it could not create a floorplan using my Android tablet's sensors as advertised and it's room-focused approach made doing a manual plan very difficult.So I thought I'd see if anybody has any recommendations.. here's my wish list:1) runs on android2) can either: scan walls to create a floor plan as I walk through a property, OR, allows me to enter in exterior walls, fix them in place, and then add rooms within either as walls or objects.Bonus:3) can send the plan to something that runs on Windows for further editingI'm looking forward to whatever you got!
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
Yep I advertise on Gosection8 and CL, too.
Carl Reza
Hello BiggerPockets! New PRO here
13 December 2024 | 3 replies
We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.
Satyajeet Dodia
Is my Entity Structure overkill ?
20 December 2024 | 28 replies
The cost of renewing an LLC or changing the title is absurdly cheap unless you have one of those law firms that advertise a lot and have a huge advertising department and claim to have a secret sauce that guarantees protection.
Wendy Abraham
Hard money lenders who have you used?
11 December 2024 | 12 replies
Lenders are not recommended on BP lenders pay to advertise..
Jonathan Abrado
Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
Are you able to connect with wholesalers and lend EMD as advertised or is it proving more difficult?