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31 August 2024 | 22 replies
I'll break it out for you.Gross Salary: $80,000/yearGross Salary per month: $6,667/monthAfter Tax Salary per month (not including 401k investing (which you should be doing, but I get this is a real estate message board and this concept is not popular): $5,434Purchase Price: $600,000Interest Rate per Calculator: 6.941%Downpayment: 5% or $30,000Financed Amount: $570,000Mortgage: $3,769.67Property Tax: $600Insurance: $125Other Costs (per calculator): $333.33Total Monthly Payment: $4,828/monthAfter Tax Salary - Your New Homes Cost = $5,434 - $4,828 = $606CONGRATULATIONS, you are what is referred to as "house poor."
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27 August 2024 | 8 replies
Hi, I have been on Biggerpockets and reading all the information i can get.We are getting ready to buy our first out of state investment property and looking in Austin.Looking for advise on which area is better, RR lo...
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30 August 2024 | 15 replies
The seminal book on the strategy, 30-Day Stay, published here on BiggerPockets and written by MTR pioneering investors Sarah Weaver and Zeona McIntyre, has helped popularize the method.
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28 August 2024 | 4 replies
I’ve been doing a ton of research on it as I’ve been looking at Italy myself so I have been focused on the less densely populated but still very popular travel spots like Tuscany outside of Florence and Sicily though I’m nervous about Sicily and their major drought issues.
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28 August 2024 | 31 replies
Made from solid logs from the now-extinct Chestnut tree, wood floors, and original rock fireplace.
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28 August 2024 | 7 replies
REI Nation manages 7,964 single-family rental homes in 13 U.S. markets, including Memphis, Dallas, Houston, Little Rock, Oklahoma City, and Birmingham.
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29 August 2024 | 5 replies
Paint sloppy, floors put in first then trampled on for months, sheet rock rough.
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28 August 2024 | 32 replies
Definitely the most popular places are midwest and southeast.
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28 August 2024 | 12 replies
I block off super popular dates (like 4th of July week), then unblock them 2-3 weeks beforehand with much higher prices than I would have gotten if I'd left them open 6 months ahead.
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28 August 2024 | 22 replies
Insurance is going to get more expensive, the government wants to keep people in homes, home equity financing is only growing in popularity, multiple generations are living under the same roof more, and all of those trends are going to lead to changes in how tax law is used and possibly the law itself.