Ryan Fox
insurance requirements for hard money
13 February 2024 | 7 replies
Obviously, you must find an insurance agent who communicates well and can explain terms and policies in plain English.You weren’t specific with your question but there are two types of insurance you need, Title Insurance and Property Insurance.For Title Insurance we require a lender's title insurance policy for 125% of the loan amount, a 2006 ALTA policy or 2021 if available, and various endorsements.
Donna Freyman
Tax Deeds
13 February 2024 | 11 replies
At least buy a book or two and study before you spend significant money.
Devin Henry
Hello from the Nations Capital
12 February 2024 | 6 replies
We already have 5 total between the two of us, and we manage a few on our own.
Mark W.
Creative options for fire damaged duplex?
11 February 2024 | 9 replies
There is significant damage in the attic which would require replacement of the roof and about a third of the rafters.Seller is willing to sell as-is, however, I'm not sure I can make this work.
Yacine Bouabba
2 story vs 1 story home for leasing and and re-selling
12 February 2024 | 4 replies
What’s everyone’s experience with two story single family homes vs one story home in terms of how easy or difficult it is to find a tenant or reselling after holding the property for years?
Nupur Kohli
Buying first investment property for rental
13 February 2024 | 19 replies
Hello everyone,I am new to real estate investing and have two rentals.
David Fals
401k contributions or Real Estate Investing
14 February 2024 | 59 replies
Even trying to achieve these returns can be difficult.Thanks.I assume Capex is after repairs and reserve for capital expenditures.Stocks would have dividend compoundingreal estate would have cash-flow compounding.I think that real estate would have a higher impact here for two reasonsCash flow from real estate is normally higher than the dividend ratesCash-flow would normally be shielded from real estate while someone may be paying about 20% tax on dividends(15% federal and an average rate of 5% at the state level).I think depreciation recapture discussion can be good if the property is never sold or sold via 1031 exchange.
Tammy Muller
RentalHero vs REI Hub Software
12 February 2024 | 4 replies
@Tammy Muller here are two great threads that cover the accounting software options and feedback thoroughly: BP -> Quickbooks or something elseBP -> Fav bookkeeping/accounting softwareThey don't mention either of these options, but that might be because RentalHero & REI Hub are full-blown property management software, and Quickbooks Online, Digb, and Stessa are accounting/tax software focused on real estate investors.
Anthony Warlick
New to Investing and Bigger pockets
12 February 2024 | 5 replies
An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).
Dyllon G.
Dallas Market - what investment strategies are people using?
12 February 2024 | 9 replies
I am not personally in Dallas but I have two friends currently living there and from my research so far, Dallas has a lot of good real estate indicators (population growth, good economy and businesses, demand, etc.).