Charles A.
How I bought 2 apartment buildings in 2 weeks!
I was that guy that was buying one or two duplexes a year over 5-6 years.
That worked well on the cash flow and financing front.
Then I started listening to a podcast by someone on BP. (Can’t mention his name because...
William Bauman
Newbies just getting by, looking for seasoned REI advice
Hello BP,We've heard of people getting started in REI in worse shape, is there a way for us? We'll cut to the chase, here's our dirt.The Facts: Ages 51/44, Married, w/10 yr. old childOne steady income 45KOne low inco...
Michael Dunn
What Percent Tax Bracket if Self-Employed / file a 1099 ??
Since we're here again for another Tax Season, I'm just curious , as to know 100% what Tax Bracket someone falls in as a whole ( State, City and Federal ) ....all Combined Is it 15% of your Income you should hold o...
Account Closed
Assessed Value
Does your county assessor assess value at purchase price or ARV?
In my state the assessed value at purchase determines the property taxes. I'm trying to refine a spreadsheet I use and want to make it as accurate as ...
Account Closed
One Property sitting on a shared lot Have you dealt with this?
I have an offer on a multi family duplex that's been accepted. I just found out that the property is shared by two lots. So there's a total of houses involved. House 1 - 2 bedroom, House 2 duplex, House 3 3 bedrooms. ...
Emily B.
Run-down property owned by Salvation Army
I've been taking the advice to look for distressed or run down properties in good neighborhoods and I came across one today (I'm looking for potential buy and holds or flips).
In doing an initial search in the publi...
Alex Bernth
Taxes on cash flow
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
Jeff Owen
How to objectively determine CAP rates in a market / sub-market?
Is there an objective resource to use to determine the CAP rate for a commercial multi-family property? I want to be armed with better information than just what the seller's agent is providing me. I'm not finding a...
Brian R.
Private funding for purchase, is this a scam? Thoughts please
I have been looking at options to purchase another property, but won't have the normal 20-25 percent for a conventional loan for a little while. I saw someone reply to a Facebook message that he is a private lender, ...
Joseph Beilke
BoA Zero Down, No Closing, and No PMI, No minimum credit score
So BoA is starting to promote a programs in 5 cities around the country where they will only use income and payment history of phone, utilities, past rent payments and few other unwriting practices to qualify a buyer...