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23 January 2025 | 7 replies
This means if you pay back your loan today you can't borrow another $50K tomorrow.
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22 January 2025 | 15 replies
@Jay Fayz for SFR (1-4 family) Classifications are mostly opinion-based.Not aware of anyone tracking eviction rates, except Evictions Lab nonprofit that doesn't like landlords.Here's some info that might helpt:---------------------------------------------------------------------------------------------------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 property in Class D area to Class A standards, what quality of tenant will you get?
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24 January 2025 | 10 replies
It might cause me financial harm as I have to sell more stocks and might pay short term capital gains vs long term capital gains.
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9 February 2025 | 36 replies
They also ask people to look into their financials and assets at the sales event.
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14 January 2025 | 21 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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9 January 2025 | 9 replies
The FBI’s Financial Crimes Unit investigates these matters for filing of charges on Equity Skimming violations.
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19 January 2025 | 9 replies
Today’s value is somewhere between $19,500 - $22,000 per acre.
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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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4 January 2025 | 28 replies
Just $800 today for the dozer totally stepped up the view of this property.
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29 January 2025 | 24 replies
We’re not used to seeing emergency declarations as frequently as they do in Florida.Our borrower is a local rehabber with a property scheduled to be funded today and close tomorrow.