Alex Silang
Mass deportations: will it affect rental markets?
30 January 2025 | 62 replies
It's likely we will be net positive immigrants.Much like tariffs, from what I have heard versus what I have read are vastly different.
MIchael McCUe
Is debt relief a good idea, filing bankruptcy
9 January 2025 | 14 replies
. $10k in debt does not seem like it is worth filing bankruptcy as you also will have the filing fees to file bk and if you use an attorney it could be another $5k, To me if you can save $10,000 a year then start saving and pay off that debt, as filing bk will hurt your credit wehere paying off these debts will improve your credit.
Todd Douglas
Fix and Flip in Detroit 48213
27 January 2025 | 12 replies
Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!
Desiree Rejeili
The BRRRR Strategy: A Comprehensive Guide to Building Wealth Through Real Estate Inve
24 January 2025 | 0 replies
The BRRRR strategy is a systematic approach to real estate investing that revolves around five key steps:Buy: Purchase a property, often below market value, that has potential for appreciation and improvement.Rehab: Renovate the property to increase its value, make it livable, and improve its rental potential.Rent: Find reliable tenants who will pay rent, allowing you to generate consistent cash flow.Refinance: After the property is rehabbed and rented, refinance it to pull out the equity you’ve built through the renovation.Repeat: Use the cash obtained from refinancing to fund your next investment property, starting the cycle again.Step-by-Step Breakdown of the BRRRR MethodLet’s take a closer look at each stage of the BRRRR strategy to see how it works in practice.1.
Fred Scott
Feedback for Sunrise Capital Investors
29 January 2025 | 10 replies
Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity.
Felisha Derrick
Beginner situation/Hubris/What would you do?
6 January 2025 | 9 replies
Tonight I'm going to look over my statements versus our interactions and finally make the call.
Daniel Windingstad
Lemon or no?
24 January 2025 | 8 replies
You'll have to look at the income and expenses to predict whether your cash flow will improve.
Melanie Baldridge
A post on recapture.
21 January 2025 | 2 replies
A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!
David Williams
Capital gains question
31 January 2025 | 9 replies
Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.
Veronica Mitchell
Next gentrifying neighborhoods in and around Chicago MultiUnit
20 January 2025 | 33 replies
They will improve, but never "pop."