Anca R.
Is a 1031 Exchange allowed in this case, and if so, is it worth the hassle?
22 January 2025 | 22 replies
THEY ARE NOT LIMITED TO ONE PROPERTY.So, they can 1031 to 2 or more additional properties OR 1031 into a rental property plus a DST so that all the profits are used up in the exchange.
Sufyan Ahmed
Newbie to the real estate
3 January 2025 | 7 replies
I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.
Dan Thomas
Airbnb claim process
4 January 2025 | 19 replies
In addition to submitting your documentation I'd get a plumber to state in writing that the windows being left open is what caused the pipes to freeze.
Wesley W.
Lease up prospective tenants whom have not given proper notice to current landlord
25 December 2024 | 3 replies
Solid employment history.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those.
Joseph Beilke
Costa Rica Info
11 January 2025 | 11 replies
Here are the numbers:IncomeTotalPartner ContributionsManaging Partners Debt$0.00Partners Deposits$987,459.99Total Contributions$987,459.99Operating IncomeAirbnb Income$50,186.50Square Income (Vehicles or add-ons)$6,741.04Total Operating Income$56,927.54Total Income$1,044,387.53ExpensesPurchase of propertyCost of House-680,000.00Closing Costs-$26,744.44Total Cost of Purchase-706,744.44Set Up ExpensesHouse Improvements & Care taker home addition-116017.03Adding Tiny House-52130.83Furnishings-68403.65Vehicles-43150Set Up Costs and Advertising-2339.53Total Cost of Set Up-282,041.04Operating expensesCare Takers-14535.9Additional Cleaners-1505Cleaning Supplies-2670House Supplies-1340Landscaping-4230.66Utilities (Power & Water)-8204Internet-315Pest control/fumigacion -120Pool cleaning/maintenance-2220Vehicle Gas-552.3Vehicle Maintenance and Repairs-6625.01Welcome Food for Guests-115Property Repairs-4999.64Bank Fees-1208.06Accounting Fees-1085Insurance-955.74Other Expenses-1071.2Total Operating Costs -$51,752.51Total Expenses-$1,040,537.99Net Income$3,849.54Net Operating Income$5,175.03Now 5k for an investment of 970k is not a good investment.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
In case you have not noticed, our national debt is already out of control, and there're legal limits on additional borrowing.The government has a third option: print more money.
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
Feel free to ask any questions here.In addition to a "Facebook community", how about a Slack channel?
Salil Surendran
Converting from homeowner to landlord insurance policy
30 December 2024 | 11 replies
Some offer it as an additional rider for more money.
Peter Albert
Canton Ohio a good area for investing ?
19 December 2024 | 21 replies
Are there any employers driving jobs creation downtown?