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24 January 2025 | 42 replies
This is the current link I log into: https://bidonhomes.com/notes/l...
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6 February 2025 | 6 replies
Currently have two rentals and looking to grow the portfolio.
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3 February 2025 | 6 replies
Quote from @Dan Farsht: I am looking to connect with other hard money lenders in the upper Midwest (our business is currently concentrated in the Greater Milwaukee Area).
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4 January 2025 | 9 replies
You can still qualify so long as you have verifiable income.
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8 January 2025 | 6 replies
I would also verify income with a current paystub.
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28 January 2025 | 0 replies
New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.
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1 February 2025 | 5 replies
I currently have a portfolio of SFH in Indiana and will always jump on a good deal for a SFH but I have been considering scaling up into multifamily commercial real estate (apartments, etc.)
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6 January 2025 | 11 replies
It would take around 5 years to pay off the HELOC by using some of the monthly rental income from two investment properties.
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31 January 2025 | 3 replies
In your case, changing the property from a rental to your primary residence constitutes a change in use.The depreciation recapture will be calculated based on the fair market value of the building at the time of conversion, not including the land value.Since you're tearing down the existing structure, the entire amount of depreciation taken over the past two years will likely be recaptured, as the building's value at conversion will effectively be zero.The recaptured amount will be taxed as ordinary income, up to a maximum rate of 25% for residential rental property (Section 1250 property).
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4 February 2025 | 2 replies
Quote from @Zalman Schurder: Hey guys,I am closing on my first fix and flip in Tamarac Florida.I am renovating the entire home, adding a full bath, new floors, a new kitchen etc.Where can I find ideas for current designs, colors, flooring, paint, and kitchen layout.Any general advice of what to do or steer clear of?