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Results (10,000+)
Susan M Brandenburg Hello BiggerPockets! New PRO here
3 July 2024 | 2 replies
A great way to network and meet people in your local community is to attend in person meet ups.
Nadia Daggett Buy in a buyers market or wait for interest rates to go down and prices to go up?
3 July 2024 | 24 replies
Also, they should stress-test their properties to handle any potential equity changes or loss of rent.
Cassiem Davids New to real estate investing
3 July 2024 | 7 replies
Since you are just graduating college you may already realize that it's not what you know, but who you know (as a personal note, I had college friends that were barely passing their classes however they ended up with really good paying jobs due to "who they knew").
Jon Delarosa Taxes in Operating Expenses
3 July 2024 | 2 replies
(If you sell and don't 1031 the property, then you'd have capital gains taxes too if held for over a year, personal income taxes if under a year.)Property taxes should be looked at as an operating expense.
Jack Huynh Can s corporation manage a property own by LLP?
1 July 2024 | 2 replies
In many cases a simple LLC with an operating agreement can handle what you are trying to achieve.
John Kelp Should I let my portfolio go up for foreclosure?
3 July 2024 | 8 replies
Don't let it stop you from investing in the future. in the meantime, how much personal cash flow do you have to pay the mortgages?
Corey Byrum Finance and Renovate Investment Property
3 July 2024 | 3 replies
I'm willing to leave the property empty for a year to take advantage of owner occupied loans, if that's possible.Here are my estimates..Property: 1,355 sq ft, | 3br 2bath | 8,500 sq ft lotComps / ARV: 500-560k ~ 530kTotal Needed: 340-400k ~370kSale Price: 270-310k ~ 290kRenovations: 70-90k ~ 80kSevere cleaning needed (doing myself)Severe landscaping needed, it's a jungleI'd like to maximize potential value and be at the top of in-area comps, so would like to do a full gutCash on hand: 20k - 30k------------I'm considering,- Seller financing + separate renovation loan- FHA 203K (BRRR)- Fannie Mae Homestyle Renovation (if down payment is below 5%) (BRRR)------------Seller Financing + Separate Renovation LoanPros:Low down payment (via seller willingness) <= 3%Low interest rate (via seller willingness) <= 3%Cons:I'm unaware of how I can finance rehab without a personal loanMust cash-out refinance to obtain equity, conventional loan rate will not be as good------------FHA 203KPros:Low down paymentBundles rehab costsCons:Higher interest rate than the seller financed loanMust cash-out refinance in order to obtain equity and make an investment property------------Fannie Mae Homestyle RenovationPros:Bundles rehab costsCons:Higher interest rate than the seller financed loanMust cash-out refinance in order to obtain equity and make an investment property------------I may be totally off on what would be optimal here but wanted to provide my current thoughts.
Joey Harris Long Term Strategy for Real Estate Professional
3 July 2024 | 6 replies
They can provide personalized advice based on current tax laws and your individual circumstances.Please feel free to reach out to me directly if you need!
Albert Johnson Tenant wants to add new flooring
2 July 2024 | 10 replies
Tenants wants to add new flooring and they take it out of the rent payment.How do you usually handle this?
Robin Miller BUYER BEWARE--PETER VEKSELMAN
3 July 2024 | 6 replies
I heard they are scamming people, but never dealt with them personally