Simone Montague-Jackson
Home warranty...scams or helpful?
22 May 2024 | 6 replies
I need to fix the garage, garbage disposal, and there's possibly mold in the attic (don't know how true this is since the guy who cleared my vents was getting me to purchase his service for $2k).
Zeliang Zheng
Recommendation on how to start multi-family apartment complex
22 May 2024 | 8 replies
The biggest takeaway is learning the process and what steps you need to take to complete the purchase.
Rahma Z.
Buying a house a a rehab - now it's looking more like a Teardown
22 May 2024 | 3 replies
It was a battle getting them to agree to the Purchase price so I highly doubt they will budge lower, especially with closing scheduled soon.
Joel Reynolds
Property bought during 2nd half of year and depreciation
21 May 2024 | 8 replies
I am looking at some properties to purchase and was wondering if the amount of depreciation claimed changes if I bought the property in say the 3rd quarter of the year versus the 1st.
Jocelyn Bernstein
OTC tax deed/certificates online- recommend people or websites
21 May 2024 | 0 replies
I have gone through ALDOR to purchase and I’ve also purchased through a broker, but I was looking to see if there were websites that also listed them that I could take a look at?
Richard Edgar
Asset rich/Cash poor situation
22 May 2024 | 5 replies
One local lender was willing to use our equity to purchase an investment property as a “cash” offer.
Jan Iglesias
Looking for information
21 May 2024 | 8 replies
Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Paul Costa
BRRRR SFH that is cash-flowing nicely
21 May 2024 | 0 replies
Purchase price: $82,000 Cash invested: $70,000 Bought a property that someone started a rehab on and finished it up.
Ajul Shah
Bonus depreciation on primary converted to rental
21 May 2024 | 8 replies
Yes, you can apply bonus depreciation to a converted property, with some caveats:- it will be based on your original purchase price, not today's value- bonus depreciation for 2024 is 60%, not 100%- most importantly, you may or may not benefit from cost segregation/bonus depreciationRead this: https://www.biggerpockets.com/forums/51/topics/1075919-five-...
Samuel Abebe
How to find Seller financed Buy & Hold SFR property in Metro Atlanta!
22 May 2024 | 15 replies
Buyer pays closing costs & loan doc fees: $3,800 approx.Total Entry Fee: $23,800 to close -- or 9% of the purchase price!