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Hi I'm pretty sure I'm an idiot, but I'm getting slapped hard for it (again!)... I always thought that depreciating your property (and getting a tax write off for it) was permanent... So, a few years ago when I had a ...
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Hello Bigger Pockets!I'm the guy with two first names. ;)Before I get to how I cash flow $3000 a door. (Actually it's $3000 per single family home) Let me first give you my story.I have been a long time reader of Bigg...
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Hello guys my name is Yosleys Boffill. I have been flipping houses for a year or so in the Midwest specially in Lousiville,KY. I was doing fine until I decided to go for a more expensive neighborhood and price range. ...
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I am still trying to figure out the cash flow issue. For an investor that doesn't care about cash income from a property, and if total return is good, why does it make such a difference.
For Example: A $100,000 pro...
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Hello BP members! I wanted to share with you my latest RE project. This is our 3rd RE transaction since jumping into RE in December of last year. First deal was a buy and hold 4 plex, then a flip which we are listing ...
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Hello BP,I have an interesting problem. I currently own 2 duplexes in my home town. 1 has tenants and the other I am house hacking. I am ready for my next deal and have hit a wall with conventional financing. The bank...
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If I were to guess, here's what my friends did today:@Serge S. spend today thinking hard about the next $500,000@Brian Burke took his wife in his plane to Malibu, or something, and spent money he has@Brandon Turner to...
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Anyone else feel guilty or bad at the idea of terminating a purchase contract? We have a property that we put an offer in on that was in "fantastic shape" and it got accepted after the seller countered. But after insp...
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Newbie here and here's the 411 on this deal. My cousin rents a house in Albuquerque that I stay at whenever I'm in town. He finishes law school in May at which time his lease ends (unfortunately he's not gonna be a re...