Hey everyone!So I have a question that I thought I would open up to BP, just to hear some of your thoughts and to take away as much advice as possible.My question is: Is it faster to build up capital from flipping hou...
As summer and the seller's market rolls around I'm considering my next move. Since we're still on the private capital learning spree I figured I'd tap into my home's equity. Now I'm debating whether I should sell an...
I recently purchased my primary residence in Atlanta for $255k. I would like to begin investing in real estate. Should I use my liquid to renovate my home to house hack or should I use it to purchase another property?...
Investment Info:
Condo buy & hold investment.
Purchase price: $115,000
Cash invested: $5,750
2 bed, 2 bath condo that was originally househacked while I updated the unit.
What made you i...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $91,000
Cash invested: $70,000
This property was purchased originally as a flip. As it began going over budget in a...
I listened to a BP pod cast last month and someone said if your business is to flip homes, you do not need to pay capital gains tax for less than 12 months. I mentioned this to my CPA and they were not aware of any s...
Im looking to purchase a duplex in the near future. My goal is purchase with an FHA loan, and hold onto it as a rental property after my first year of living in it. Is it possible to take out another FHA loan to purch...
Hello,Mortgages take a big chunk of cash flow out of holding a rental property. Assume that each year an investor acquired a triplex or quad. Assume that the cash flow produces 100-200 after mortgage is paid and opera...
Wholesaling to retail buyers
Scenario #1
This is a scenario that I read in a book recently. You are a wholesaler that has found a property that is worth $100,000. You have the seller under contract for $45,000 and ...
Hi - just starting to get into the BRRRR deal concept - here is an example of a deal that I am getting.I am considering doing a flip vs buy and hold. Again the below is just a best estimate - Do you guys think I'm fac...