Hi EveryoneI own 2 condo units in New Jersey, and I wanted to place them under a business entity, The units are own free and clear. I was reading on my options but I decided it is better to seek a professional. I own...
Hi - I am interested in flipping homes because of the potential short term hold of the asset.My question is - in the event of falling home prices due to a market event, how can the flipper readjust their strategy?I am...
Hi all!Flipping houses can be profitable, but it's essential to understand the tax implications:1. Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2. Self-Employment Tax...
hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get s...
I’m looking to purchase a rental property in the Scottsdale area that I plan to put on Airbnb. Does anyone have experience with this location? Thanks!
Hi everyone, if anyone has a great PM contact(s) that they can refer, I would really appreciate it. I am looking for one (or more) who has a lot of experience working with investors, especially those out-of-state inve...
Hello BPers!I am working towards my first investment opportunity. I want to break into the buy and hold world. I currently live in Southern California. I met with a couple different lenders and was pre approved for $2...
Good afternoon folks, In my daily analyzing of deals i came across an interesting deal that i'm not sure how to project 5yr, 7yr, 10 yrs. All 14 units are rent stabilized, and rents are significantly under-market. No...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $235,000
Cash invested: $30,000
Sale price: $550,000
Hold, rehab, longer term flip. 2.3x Return.
What ...
For two years I have been patiently waiting, studying my market, reading about how to invest and building my knowledge base on house hacking for when I graduate college.Well in May, 2020 I graduated, mid-pandemic and ...