Kyle Jacques
What is the best STR Guest Guide Book?
19 November 2024 | 12 replies
It was fairly easy to setup and to add properties using the first guide as a template for subsequent guides.
Lucas Schlund
How Much Cash Do I Need To Put Into My First BRRRR and How Much Should Be Financed?
21 November 2024 | 23 replies
Let’s break it down with your example and explore the financing options.Max Leverage (Using a Lender for 90% Purchase and 100% Rehab):Purchase Loan: 90% of $80,000 = $72,000Rehab Loan: 100% of $25,000 = $25,000Total Loan Amount: $97,000Your Cash Investment:Down Payment: 10% of $80,000 = $8,000Closing Costs and Fees: Estimate around 3-5% of the purchase price = $2,400 - $4,000Holding Costs: Property taxes, insurance, utilities, and interest during rehab (estimate $1,000 - $3,000)Contingency Fund: 10-15% of rehab costs = $2,500 - $3,750Total Cash Needed: $8,000 (down payment) + $2,400 - $4,000 (closing costs) + $1,000 - $3,000 (holding costs) + $2,500 - $3,750 (contingency) = $13,900 - $18,750Moderate Leverage (Using a Lender for 90% Purchase and 0% Rehab):Purchase Loan: 90% of $80,000 = $72,000Your Cash Investment:Down Payment: 10% of $80,000 = $8,000Rehab Costs: $25,000Closing Costs and Fees: Estimate around 3-5% of the purchase price = $2,400 - $4,000Holding Costs: Property taxes, insurance, utilities, and interest during rehab (estimate $1,000 - $3,000)Contingency Fund: 10-15% of rehab costs = $2,500 - $3,750Higher Equity (Using a Lender for Less than 90% Purchase):If you decide to put more equity into the deal by using less leverage, you will need more cash upfront, but your loan amount and, subsequently, your interest payments will be lower.
Bill Haley
PropertyGRID platform - Who knows about it?
15 November 2024 | 4 replies
Cheers,Bill I am curious as blockchain has been talked about for a decade, can anyone share a case study / example where it has been made into an enterprise model and used successfully?
James Wise
Exposing more of Bob Prisco's (AKA Bob Stevens) Lies
21 November 2024 | 6 replies
The user in question was subsequently banned from the forums for a second time, they reached out to me directly to dispute the ban but as of now the ban is still in effect for breaking the rules of the forums.
Julio Gonzalez
11 ways to lower taxes when selling your property
17 November 2024 | 1 reply
This allows you to postpone tax liability until you sell the new property without a subsequent exchange.2.
Brandon Brock
Eddie Speed Note School
7 December 2024 | 150 replies
Although you can learn notes at your own pace, if you do need to get up-to-speed quickly, as to avoid overpaying on assets or setting up a profitable enterprise, focused programs may get you there faster.
Dongzi Wu
Outstanding Real Estate Solutions Scam (ORES)
28 November 2024 | 184 replies
Subsequent to that, I do see more letters going out based on our continued review.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
He seemed pretty transparent about both the ups, and downs - the first post is replete with red flags that he ignored, as then did the theoretical others that lost their life savings as a result of his subsequent posts (which, maybe happened, maybe not).
Kylie A.
EA OR CPA Whats the best in your opinion?
18 November 2024 | 15 replies
@Joshua Thompson already linked the long post that I wrote to answer your question:https://www.biggerpockets.com/forums/51/topics/1215989-expla...Based on your subsequent comments, you missed the point of my post: it DOES NOT matter whether your accountant holds a CPA or an EA designation (or neither of those two).
Melanie Baldridge
What is recapture?
14 November 2024 | 10 replies
By making partial dispositions, you can also avoid subsequent recapture on these items when you go to sell.