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Im curious to know what information MUST be disclosed to the buyer and seller in a double closing contract so that I can keep my self out of legal trouble?As always, this site rocks and you guys have awesome experient...
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Hi thereI am new to investing, looking at a SFH for my 1st rental property and trying to understand the tax benefits that are often spoken of on the podcasts. But, my CPA says that because my AGI is >$100,000, I am...
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My business partner and I are in the process of studying and finishing our business plan with our strategy that will meet both of our goals. We are relatively young (24) and plan to move out into our own place. He jus...
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Im from canada and ive been emailing another investor in the U.S and she was telling me my $15000 rehab costs were too low. 15k for her would be paint and carpets. Thats it. For me 20 grand would be 2 bed rooms, half...
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Hello BP,I have a fourplex in Tucson that I bought a couple years ago now. I’ve been renovating it and am almost done. I asked my CPA about bonus depreciation and doing a Cost Seg study on the property so I could get ...
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So I just completed my first Brrrr.
Purchased house- $235k
Rehab-15k
Appraised value- 325k
Currently rent- $1,950
Mortgage- $1,681
Cashed out $250,000
So
I think I did a pretty good job for my first brrrr t...
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Something I heard a while ago is that if renting a home is cheaper than buying it in an area, then most likely that area is in a bubble. For example in my area a single family detached home (4 bedroom, 2-3 bathroom...
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We just went live with our first short term rental. I know great timing. We have had 3 people send requests for booking on HomeAway in the first 2 weeks of being live. Of the ones we have received, one was for 29 d...
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Quick post for the new and aspirational rookies as I am transitioning after my first chapter in REI!1. Beware of "Handyman Specials"1a) On your search for a property to rehab, understand there is a difference between ...
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Hello Everyone, I am new here on BP and very glad to be here. My Immediate goal is to pass my CA Real Estate Salesperson Exam and start working/training for a good Broker here in San Diego. And my my future goal is to...