I’m just getting my feet wet in multi-family and Value-add projects. Currently looking at numbers on two duplexes, and would love it if I could pull off the BRRRR, but don’t know how to assess ARV on multi-family.
I ...
Dear BP, I had a quick question on commercial financing for my first larger deal, so I am pre approved from Freddie / Fannie for a $1MM purchase, I have literally just enough capital right now to do that, but limited ...
I have an exhaustive list for my investment strategy and I’m looking for second opinions. The general plan is to BRRRR a duplex and rent one unit while living in the other. Then using the recoup to fund my primary res...
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I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
So admittedly I have some flexibility with how I file taxes since my income comes from my sole proprietorship (music teaching). I'm planning on stating around $25,000 in income this year (a lot for me) in order to hel...
Hey guys! 👋🏼 Quick question, I am practicing my underwriting by getting T-12’s and Rent Rolls from LoopNet. I have a great analyzer and understand the whole process of underwriting value add opportunities. Although, ...
I've run into some confusion at the last moment with my 1031 exchange and was hoping to get lucky and catch someone who knows the right answer.In short, I've got a settlement statement for an occupied multifamily prop...
Lets assume I acquire the house 100K to keep it simple and its a 20% down payment the rest is leveraged. Lets say my mortgage is $800 and I charge my tenant $1500 a month. Taxes in Illinois are 2.8% or so so thats rou...
Hi Bigger Pockets! This is my first post, so be gentle. I wanted to reach out and see if anyone has any advice about investing (buy and hold) in areas with high property taxes. My specific situation; I'm milita...