Hello! I want to pose a hypothetical example. If I buy a rental property for 200K where land is valued at 50K and building at 150K. then i can depreciate the building at about 3.6% annually or $5455 in dollars. Let...
We all face difficult decisions where the best option isn't clear. Your mind races as you worry about what to do, uncertain what path to take. Desiring to act but anxious you may make a mistake.
Have you considered f...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $460,000
Cash invested: $10,000
Sale price: $635,000
This was an easy house cleanup along with new countertops,...
Say you buy a property for 200,000 and then you fix it up and REFI it at a valuation of 350,000, pay off the old loan with the new loan capital and and have a new loan etc... the BRRRR method.Did the "book value" ju...
For experienced investors and analyzers out there, when I have been looking at some potential flips, I found it interesting that some houses would be selling for $100,000 and redfin would be pretty close to that selli...
Hi, I'm Giancarlo, and I am extremely passionate about REI. I am 21, freshly graduated, and living in Santa Monica with ~$30k saved up for this. Now I'm looking to invest OoS due to my limited funds, have been doing m...
The vision of a freshly updated home is so seductive, it's easy to forget that the project will most likely come with aggravating delays and unexpected issues. Think about it. When was the last time you heard about a ...
Hey All,I am getting ready to close on a fourplex that needs alot of love. I worked with the seller to get some of the work done, and paid for by him as part of our deal. However, the one thing he wouldn't budge on wa...
Hello to all BP members. My name name is Abu and I am introducing myself from Southern New Jersey. I feel privileged to be amongst you all with your passion, eagerness, and commitment to REI. I'm compelled to say that...
There seems to be a common sentiment that buying turnkey rental properties means you are leaving money on the table. I understand this viewpoint because the turnkey company does have to make money somehow and their pr...