Jamie Derasmo
Use a HELOC for down payment/renovations?
Has anyone in here used a HELOC to use as down payment to acquire a new property or to complete the renovations? Pros/cons? I have a good amount of equity in my primary house and recently bought my first investment pr...
Reemo Petteway
Taxes deductions for Rental Property
Hello All!I purchased a rental property in 2020 and started an LLC. I renovated the house at the end of 2020 and moved in a tenant early 2021. Can I claim the expenses of renovating the home on my 2020 taxes? I have h...
Mike Alt
My first BRRRR in the City of Syracuse, NY
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $36,000
Cash invested: $50,000
Purchased 2000sqft 4br 2ba home in the city for $36,000. Invested about $50,000 int...
Hunter Reed
Buying low and selling high...
Good morning from Emporia, Kansas. I have recently received information from a close relative on what it seems to be an incredible off market deal. Jenks Deal: (3bd 2bt, 1,948 sqft, yr built 1974) The couple that own...
Hamed Afshari
CO after final inspection passed
I bought a property (built in 1963) for $60K in north carolina from a wholesaler back in Feb 2018. I started the renovation by pulling permit from The city. Since my renovation estimate was under $30K then I put my na...
Dana McMahan
Louisville househacker ready to move to BRRRR
Hi all, this is a (re)introduction. I'm a freelance writer who joined BP a few years ago but never got involved. Now I'm trying to soak up everything I can, since my husband and I are ready to try our hand at BRRRR. S...
Disia Page
Lowering Expenses or Cash Flow or Both???
I recently wrote a post about wanting to house hack in Socal to lower my living expenses and I received a lot of great feedback and advice. I am also just as interested in buy and hold investments in the Cleveland mar...
Christin Prince
Financing with Family via an STR BRRRR
Hi everyone,We are going to purchase a house w/ my mom and would like some recommendations on how to best structure the deal. Given it's the holidays I can't call my CPA and lawyer right now, so in the interim hoping ...
Ruth Hall
Suing for non-disclosure
What are the chances of winning suing the seller for non-disclosure? I bought a flip, renovated and in the market to sell. I was provided a clean owner's FIDELITY NATIONAL TITLE INSURANCE COMPANY policy by the agency....
James G.
Question for the pros about capital Gains.
I have a question on how to handle capital gains on a recent flip. I currently fix and flip my primary residences. In the past I have held the property for over 2 years before I sell but this current property I have...