Tenant is moving out of paid off property in August. The property was purchased seven years ago for 56k in a C- neighborhood, which is now paid off and worth approximately 170k. Light renovation of the kitchen and sho...
Hi folks,
Hopefully a simple question.
I talked to a private lender recently and asked what typical closing costs were. I was told $5-6k, which didn't shock me too much.
Later in the conversation I asked what the...
I have a very picky and demanding tenant. Averaging two maintenance requests per week. Nothing major, small things that I don’t mind fixing but they are eating away my bottom line and spending way too much time on thi...
Hi Everyone,On my last three tax returns my CPA surprised me by prorating several of my HUGE expenses, citing that they were improvements so the full amount can't be claimed on one year's return. (he diviede them over...
Are townhomes and condos good for starting out or is it harder to get cash flow and appreciation compared to stand alone single family property? The prices in my area are much more approachable for the former
Hey Everyone,I listed my first short term rental in beginning of this month. I’ve had one guest so far. I’m excited to get started and host more guests! All feedback (good, bad, or indifferent) is welcome and apprecia...
I'm curious where the seemingly commonplace 50/50 split for NPN joint ventures came from? Is it simply supply/demand in that this price still brings enough capital to the table to do all the deals sponsors are looking...
Hello Everyone-I am a new multifamily property investor and I am currently analyzing listings in the Tucson, AZ & San Diego, CA area with the hopes of closing on my first property in Q1 of 2018. I'd appreciate adv...
Hey BiggerPocketsers (ya we really need a term for this community 😂)My teammates in insurance/accounting and my CPA are frequently asking me how much each property in our portfolio is worth with a breakdown of land vs...
Hi all. I tried posting this in the general forums and was told it is state specific so figured I would try here. Here is a fictitious scenario to illustrate my question. I'm selling my house. My buyer has his inspect...