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You end up putting as much time as you would towards a flip, and instead of making 50k you cash flow a few hundred bucks (that's wiped out after one roof replacement) for "infinite returns" When you could've spent the...
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I looking at a 12 unit building. Location is very good, walkng distance to a lot of things, major super market near by. Previously asking 500k, 10 days ago price dropped to 450k. Owner has a 275k assumable mortgage @6...
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Hey family,I purchased a rental property in 2016 under my own name for $135,000. The home is now worth $225,000 and I plan to sell it in the next six months. My plan is to use the profit to pay off the mortgage on m...
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Right now I have 5 different checking accounts for 5 different rental properties to keep everything separate. Is this common practice? Seems like when I am at 20 houses, having 20 checking accounts/20 debit cards/ ...
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Introduction
This complex topic has been discussed on many BP threads, with persistent misunderstandings and misrepresentations. Many investors fail to grasp the fundamental principle of taxation: you cannot, based o...
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I am look to buy my first Multi Family deal and was hoping someone could help me analyze this deal to insure it cash flows. Being that this will be my first deal i want to make sure I am not missing anything
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My husband and I just purchased our first rental property. We got a really good deal and we think at the end of it we will have about $80,000 in it total and the ARV will be about $130,000. The only problem is the ref...
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I got out a year ago, but I'm already refinancing my own house into my name, I inherited my mother's house. My long term goal of next year is to buy a 4 Plex with a VA home loan. Now discovering VA rules on buying a 4...