So as I prepare for closing on my first house hack (hooray!), I have been digging into various types of flooring to replace the current and disgusting carpet with. When it comes to prepping a home for renters, versus ...
Hi all. I'm trying to analyze deals and am not sure what values to use for estimating expenses. @Scott Trench recently posted a great piece on his Instagram account, basically saying the "50% Rule" is misleading. Many...
Hi all,I'm building a unit in the garage of my duplex. Does anyone have any tips on how to create maximum soundproofing between upstairs and downstairs, whether it's using certain materials or certain construction tec...
Hello all! First time interacting with BP. I have been listening to Podcasts and reading a few books since the start of the year and I have been hooked. So I decided to start planning my journey. One of my best option...
Investment Info:
Townhouse buy & hold investment in Jessieville.
Purchase price: $130,000
Cash invested: $15,000
3bed 2.5 bath in a gated and surveilled community.
What made you interest...
Last night, I attended my first REIA meeting in Richardson. Overall it was pretty good. I'm planning on buying properties to hold and rent long term. Unfortunately, I didn't meet anyone whose primary strategy is buy...
If my deductions are greater than the income generated from my property, how does that effect my tax liability?
Does it decrease the total amount of taxes owed? Or does my tax liability stay the same?
Hi there! Just to prepare people - this is a long, detailed post. If you don't want to read everything below, the shortened summary is this: I am planning to start acquiring homes and renting them out to tenants. I ha...
I'm going to be building myself a house and it's going to be done around August. Once it's done I'll owe next to nothing on it and want to get a HELOC on it and use it to put down payments on 2 or 3 rentals, then cash...
Our Situation:Two couples, new to real estate investing, each with one working spouse with a high income (W2 and 1099) and one non-working spouse plan to go 50/50 on a new construction STR which will not close until S...