Chris Seveney
Buy and hold out of state
7 July 2015 | 17 replies
Definitely no set way you have to do everything, but basic things you always want to verify-- location, quality of the property (property inspection for sure), market rents (especially if needing to compare to what is being advertised), taxes and insurance costs, major due diligence on the management company since essentially the fate of your investment largely lies in their hands, tenants, etc.
Ryan Jones
Include Roof In Purchase Price & Loan or Lower Price and Replace?
12 October 2021 | 5 replies
This would essentially roll the new roof into the mortgage on the house.The question is - would you do this - include the roof in the mortgage?
Ryan Fields
Needing some insight for my next career choice!
12 October 2021 | 1 reply
Being paid to learn essentially.
Todd Bentley
Conventional Loan for House Hack (Multi-Unit)
12 October 2021 | 1 reply
Essentially, I would like to avoid PMI if possible.From my understanding, the government used to back up 5% down on (live-in) multi-units.
Todd Lansden
Do I need an LLC or should I wait
12 October 2021 | 4 replies
As an aspiring business owner I prefer having an established business entity, separate business checking/finances, business history.When I give my tax info to my accountant at the end of the year everything reconciles to one account or one credit card.Not that you couldn't keep track of all this information via other tools but I prefer it this way.
William Costello
Why people prefer going the syndication route in real estate
29 October 2021 | 24 replies
A buddy of mine told me basically the money you put into the syndicate as a GP or LP, you can essentially write off 75% of that thanks to the pass through depreciation.
Billy Davidson
New Agent - How To Split Up Commission Check?
12 October 2021 | 4 replies
Below are the 4 categories I was thinking of splitting my commission check into: Taxes – not enough agents account for thisInvesting in your business – marketing, tools, etc.Personal day-to-day expensesInvestments -into other streams of income - Stocks, RE investments, etc.These were the 4 major categories I could think of and I was curious as to how people would split these up based on a percentage.
Jeremiah Bruch
New Member on Bigger Pockets
20 October 2021 | 12 replies
I'd recommend using the networking tools here on BP.
Michael Davis
How to get $ out of free and clear rental homes
8 November 2021 | 13 replies
When you don’t sell you’re essentially buying the property from yourself at the current value.