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Results (6800)
Justin Driskell Looking for Advice on First Purchase
10 December 2019 | 8 replies

Hello BP community, thank you for taking the time to read my first post!I have just started on my journey of REI, as my wife and I have started looking at buying our first property, hopefully around next summer. I hav...

Account Closed Question about my taxes with my rental property.
2 January 2018 | 8 replies

Good day BP.
I’ve got a question about how my accountant does my taxes in regards to my rental.
So I rent a SFH to my mother in law for $1,200/month (which is about what the mortgage payment is). Fair market value w...

Justin B. How much should I purchase this note for?
30 July 2017 | 10 replies

I'm new to note purchasing, so any help with this situation would be much appreciated.I'm wanting to purchase a note from a man who owner-financed a property he sold. The selling price was $165k with $15k down, and th...

Pedro Urena Understanding Brrrr strategy and private money
23 July 2017 | 9 replies

About the Brrrr strategy, this all sound great but, you are talking about getting private money to buy a property that needs to be rehabed so that you can increase its value, refinance and pay back the private loan. B...

Michelle Le Mere Please point me in the right direction
8 March 2023 | 7 replies

Hey everyone, I would just like a shove in the right direction.  My credit is 780, no debts except my mortgage.  My house is valued at 224,000 and I owe 120,000.  So, I was thinking I could take out a HELOC on my curr...

Andy Hathaway Using a VA loan a second time and restoring entitlement
26 January 2021 | 8 replies

I’m trying to wrap my head around the new VA loan rules, am I seeing the whole picture?

Situation:
I’m currently in a live-in SFR flip that I purchased prior to 2020 with a VA loan. I want to use the VA loan again...

Wesley Myers Purchasing STR’s with inherited IRA funds?
11 February 2023 | 10 replies

I have a unique situation with an inherited IRA from a sibling that passed a few years ago. I could potentially purchase 3-4 units (down payments) with funds from this account over the next few years still leaving a g...

Jeff G. Estimating Income Taxes on cahs flow
6 December 2015 | 9 replies

Why are income taxes never incorporated into cash flow calculations?  I am on track to have 6K positive cash flow in my first year for a house I bought this January.  I however don't have the slightest idea how much o...

John M. Getting Rental from parents as gift vs as a purchase -- effects on depreciation/taxes
10 September 2012 | 10 replies

My parents bought a rental back when I was in college and now they're going to give it to me. My name is already on the deed as are their names from when it was initially bought.

I'm trying to figure out the best way...

Evan B. Will the Community Please Give Me Feedback
22 February 2013 | 8 replies

Good Evening to most of you, I am looking at picking up a pair of duplexes each for $144,800 and was hoping that the community could give me some feedback on the purchase. I am in the military so I am looking at this ...