Darron Pierson
Jerryll Noorden's system
28 December 2024 | 26 replies
As a powerful organization, I would like to see Bigger Pockets become a leader in not simply educating real estate investors but leading the way in warning investors about the real estate guru pitfalls.
Scott Goulet
Airbnb: To get a Pool or not in Florida
11 January 2025 | 20 replies
@Scott Goulet if that's the case and there is no significant difference in occupancy, then my gut tells me that it is not a major factor that guests consider and are willing to pay a premium for.
Bob Dole
Cost Segregation -- What is the true benefit of the accelerated depreciation?
9 January 2025 | 32 replies
Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change -- please see below)So we're hypothetically grossing $700k a year.
Stephanie Medina
Is it a bad idea to convert this LTR into a STR?
26 January 2025 | 17 replies
This gave us peace of mind and ensured that any unexpected incidents wouldn't result in major financial setbacks.These two choices have played a crucial role in optimizing our STR strategy, balancing profitability and protection.
Collin Luckett
Raising Money / How to Structure
9 January 2025 | 9 replies
If you are still a majority or controlling partner you will get no pushback.
Elijah Berg
36% Rent increse Two weeks Into First duplex as a 19 year old Investor
4 January 2025 | 23 replies
So this is some kind of communal organization - there is a "mentor" at the top, and a bunch of "mentees" who do work for each other/for the mentor.Hopefully the asset is all in your name and your name only.
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
The deferral is all on major capital expenditures, roofs, HVAC, Water heaters.
Chris Kay
How Far Does $50k Go for Rehab?
15 January 2025 | 14 replies
But enough to make to do all the cosmetics along with a few major items like HVAC, appliances, etc.
Rob Barth
Renting properties at or below mortgage payment
9 January 2025 | 12 replies
The only time I'd say it's an okay idea is if either: The area you're investing in is expecting so much appreciation that you will easily profit off that (watch out for mortgage interest though...the appreciation needs to be higher than what you pay in that and expenses to make it profitable)You have some specific reason for wanting to do it- family ties, future home, major long-term hold, etc.Maybe I'm forgetting another one, but those two are all I have for now...
Elvon Bowman
First time acquisition
16 January 2025 | 12 replies
Our first accepted offer was a 320 unit deal that we contracted, put up non-refundable (yeah, I know) earnest money, and thought we had our financing and money in place to do the deal. 2 weeks before closing a major (several million) partner pulled out leaving us short of the funds needed to close.