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21 January 2025 | 18 replies
@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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12 January 2025 | 7 replies
I'm not sure if that would bring in enough money but it would certainly make things easier financially speaking while you built up your real estate portfolio.
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14 January 2025 | 3 replies
The financial analysis side of CRE really excites me.
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3 February 2025 | 37 replies
It wasn't called that but worked similar that if ended sooner then the 10yrs there was a financial hit for each yr not honored.
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17 January 2025 | 17 replies
With time and persistence, it can provide the kind of financial freedom many people only dream of.
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16 January 2025 | 12 replies
Your contractors, staff, and the financial markets will create challenges.
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15 January 2025 | 10 replies
For my units, I usually look for someone with annual income 40x the monthly rent so I know they are financially secure.
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13 January 2025 | 7 replies
Bigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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14 January 2025 | 15 replies
I believe such plans are offered by specialty divisions of the mainstream financial services providers like CIBC & RBC.
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12 January 2025 | 1 reply
Together, the property nets us roughly $1,400/month after expenses.Equity Split: My partner owns 60%, and I own 40%.I'm exploring ways to take out my equity without disrupting this deal, as I feel this isn't the best financial decision for me right now.