Marshall Baker
Start investing with multiple units or just one...Plan A or B?
Hi – This is my first post to BiggerPockets so I’ll introduce myself before I ask my question. My name is Marshall Baker and I live in Western Montana. I work as a sales manager for a major telecommunication company w...
Hudson Walker
What to do with $30,000 cash!?
Hello fellow BPs! I’ve worked and saved up about $30k. I want to get into real estate investing, but not sure if $30k is enough. My long term goal is to have enough long term and short term rentals to quite my 9-5. I ...
Nate Mac
Flipping- Repairs in 2018 are cost basis for Sale in 2019?
Background: Created LLC partnership in 2018. Purchased a Home to renovate in 2018 and sold it in 2019. Purchase Price: $60,100 In August, 2018Renovations: $30,000Utilities: $ 2,000Property tax: ...
Account Closed
Monthly profit on first investment - What to do with it?
I purchased a home with cash last month. I did a little clean up and now renting it out. I'm generating a nice monthly profit after all insurance, fees, taxes, upkeep, etc. I'd like to save this profit and put it ...
Garrett Hollenbach
Do "2nd Homes" affect Debt-to-income ratio?
Hello BP community, Here is my scenario: 1. I purchase a condo as a "second home" with a 10% downpayment2. live in it for 2 weeks out of the year (as stated by law where I live)3. Then rent it as a STR for the remaind...
Alberto Rivera
Partnership Agreement
Hey there!Long-story-short, a friend of my father is interested in investing money in real estate with me (flipping). I feel that to keep waters clear since the beginning, a partnership agreement must be signed before...
Mario Morales
landlord insurance premium tax deductible?
From what I understand, you can deduct the entire premium as it is an expense to run the rental property. With prices going up so much, if this lowers your cashflow too much, I feel like you may not look profitable in...
Lance Campbell
Newbie evaluating properties
Looking at purchasing my first STR property. When I ask for past years profit generated from rental I was given gross rentals for the year. Just so I’m sure gross rentals is going to be the total on the year not neces...
Davis Molnar
My First Investment Property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $60,000
Cash invested: $15,000
4-bed, 1-bath house near Univ. of Toledo, OH. Ideal for students with parents coveri...
Mike Mutabazi
How does a 15K a month portfolio look like ? I'm a beginner investor
Hello BiggerPockets Family,I'm new to REI, How many houses/ doors does it take to cash flow 15k net profit every month ?