Hi all! I've been binging on BP podcasts and recently just made my first offer on an income property back in my home state of Michigan. Link to the BP analysis: https://www.biggerpockets.com/calculators/shared/7...Hig...
I have a building that I recently modeled. I’m trying to figure out what to do with the place. There are lots of options, potentially. it has seven offices that can be used as bedrooms if a person wanted to make it a...
Recently closed on a single family home with a legal accessory apartment in the basement. My wife, daughter, and I are living upstairs and renting out the basement. The house was built in 1938, and it appears that n...
Hello Guys, I’m Kenny! Like many of you, I am very interested in Real Estate and had some questions towards this:How does a BRRRR sound for newbies? - I am currently thinking of starting my first deal as the BRRRR str...
Hello BP Community, thank you in advance for reading my questions and providing me with your thoughts.I have recently purchased a duplex and will be renovating both units. I want to focus this discussion on what use...
I am buying home from wife's grandmother in Maine. It apraised for $411,000 she is asking $375,000. She wants to seller finance us but the IRS still makes her charge 2% for a 20yr loan. Are there any workarounds? Coul...
Hello BP Family,After 2 years of listening to bigger pockets and digesting all the RE books I can find. I have finally saved up enough to begin working on securing my first property. However, I find my self stuck betw...
You have to pay property taxes but are your leftover profits taxes the same as income from a regular job? If so can you write off expenses(i.e. maintenance)?
Hello all,I've heard it said that a beginning investor should analyze 3 deals per day even if he isn't buying presently. I started to do just that and I quickly found that analyzing 3 deals per day is giving me fits. ...
Hi All,I am interested in out of state property investment. While reviewing properties online is a great start, sometimes I need some boots on the ground to help me with them. I am looking for recommendations for an o...