Mindy Nicol
Best places to purchase Short Term Rentals in 2024
5 April 2024 | 37 replies
NFL, NHL, MLB), relocations, business travelers etc.
Erica Calella
STR Bookings for Smoky Mountains
4 April 2024 | 8 replies
It's been slower this winter than previous winters seems like just the top rentals are busy though.
Jake Bledsoe
New investor seeking advice
4 April 2024 | 8 replies
Keep the dream alive mateI love the saying "Make a passion an obsession and you will never work a day in your life".I worked as a laborer on commercial sites.Saved $50,000 in 4 years and bought my first property in 2011.13 years later and I stopped counting a 1,000 deals.Made a fortune and lost a fortune but that's the game.As long as you make more than you loose.Had a very successful business fella tell me one day "You can't go broke making a profit, even if it's just $1"Wishing you much success
Kenneth Germann
Cash flow is king. I had this idea that I am going to be doing when I do flips.
3 April 2024 | 2 replies
You could setup a kitchen and bathroom remodeling business in the area you are doing flips for additional cash flow to your business.
Kevin Choi
Newbie from VA/MD/DC Area
4 April 2024 | 15 replies
Welcome to BP but seems you are no stranger to the RE business.
Account Closed
How do investors get loans for properties in poor conditions?
2 April 2024 | 24 replies
If you owe the full 700k, you may need to bring money to closing to pay down that balance.You would also need to financially qualify to cover that new monthly payment.
Matt Gildersleeve
Best source to locate local and out of state cash buyers/investors?
4 April 2024 | 14 replies
Expanding your network of investors, especially when dealing with both fix & flip projects and stabilized rental units, is crucial for scaling your wholesaling and wholetailing business.
Cami Danielle
Investing in a rental in New Haven, ct. smart choice?
3 April 2024 | 8 replies
If the neighbors to your property bring it to the attention of the city(West Haven).
Carolina S.
Capital Gains or High Interest Rates
3 April 2024 | 3 replies
So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.
Joseph Waitkevich
LLC/Real Estate Attorney Help
3 April 2024 | 3 replies
The registered agent doesn't normally necessarily have to be an attorney or involved in any business transaction.