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Background: Tenant broke 1 year lease, which would have ended Dec 9th. She had some late fees accruing and didn't pay October 10th rent, and let me know Oct 12 by text that she was breaking the lease but wanted to sta...
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This was the description of a property's status in the mls listing. Is this the same as a short sale? Does it mean there's already an offer in? It's not a property I'm planning on jumping on, I'm just curious...
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Hello!Many of the books (the millioniare real estate investor) and posts on BP I read, seem to not include the down payment when evaluating a deal to see if it cash flows. Is the down payment included in the evaluatio...
Hi everyone, so glad to be here. Typically I have an aversion to commenting or writing on forums. But having read through the forums and seeing how friendly everyone is, I can't help but jump in with both feet.
I hav...
I'm looking into qualifying as a real estate professional, as I currently don't have a w2 job. I would like to purchase a property, manage it and use losses to offset my spouse's high w2 income. I have the basic conce...
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The Net Operating Income(NOI) is a calculation of the properties operating value minus the expenses the property generates.There are many ways that the NOI can be calculated, but one of the easiest ways is to total al...
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I am just looking for clarity on this matter. If I have a bunch of depreciation in my holding company, can that be used to off set capital gains tax on my flips?
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If you are new to property investing, you may be familiar with the term “hard money loan,” but you may not be aware of how it works. In general terms, hard money loans come from a private individual (or group of indiv...
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I've been on BP for a number of years, mostly in the shadows learning and focusing on my career. I'm in a position now where I've saved enough for a down payment (and then some), and have officially started looking at...
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I CAN purchase a building I am looking at on credit cards via cash advances. No interest for 9 months then interest w/ a 2% minimum payment. I can evict the tenants, remodel and re-rent within the 9 months then star...