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Hello BiggerPockets!My situation: I purchased my home last year for 165k, and have roughly 45k in equity. I have a decent job and am saving ~2k a month with ~30k in savings. I am looking to buy my first rental with...
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Hey all-Just getting started in REI independently. I assisted my parents with their MF properties in NY and because its so highly regulated, I decided I really don't want to go that route. I'm incredibly interested, a...
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As a real estate investor, I understand the importance of budgeting a cushion for unexpected additional costs when planning a rehab project. In my experience, the actual rehab cost is always more than what I initially...
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I am keeping small margins now. Trying to balance investor and contractors profits to even them out.
But my boss did ask, how can we make more money building. Here it is.
If you want to make the most money possible...
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I am a CFA charterholder and work with my friend who is a CPA and we perform small business accounting which includes some work for real estate investors on financial reporting and analysis.
So, my question is what k...
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This is what my banker once said. Now he wasn’t accusing me of egregious profits, just that he often saw intense competition come into highly profitable businesses and opportunities.
Has this been your experience?...
Sorry in advance if this has been asked 100 times. I used the search feature but wasn't successful in solving my problem.My sister-in-law has been living in one of our houses for 2023. She covers the mortgage, that's ...
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As a wholesaler, I am quite familiar with the 70% rule when it comes to selling a distressed property to a flipper. However, I have a lead who is selling a turnkey rental that they are just tired of owning. For a d...
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Hello All,
Just a quick question for the seasoned wholesalers out there. I'm wondering what the tax implications are specifically for wholesaling and which forms are utilized. Obv- my best bet is to touch base with...
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How best to make this work: Subject 2B; conventional mortgage; owner finance, etc.?
A friend of mine works full-time and has 2 rental properties. He’s almost an absentee landlord; he’s tired of being a landlord an...