Many years ago, I made a pivotal decision to become a real estate investor. In my youth, I saw becoming a real estate appraiser as the strategic gateway to this goal, a deliberate choice aimed at gaining a comprehensi...
Question:
Hypothetical situation
A House in Massachusetts exist owned by same person since 1952, there is no mortgage or Liens on this house, as far as I can tell from checking Registry of Deeds records
The Buyer, ...
Hello. I am working on getting into large multifamily investing and I was told that I need to make a bio. Since I am still in the early stages of investing, i am not sure what goes into the bio. Does anyone have recom...
TLDR: Lesson Learned: If you are buying a property to house hack and the unit you intend to move into is occupied with tenants and collecting rent after closing, then for tax purposes, it will be considered a short te...
Hello everyone, Can someone please help me answer this...This question pertains to line 56, "Add Back: Principle Payments" in the REIpropertyanalyzer.xls. I downloaded the REIpropertyanalyzer.xls from BP and it's been...
Hi All, So I did some looking around on the forums within this sub-topic and it looks like there are numerous recommendations for CPA. A question I have is about how much does it cost you to get the taxes prepared wit...
Hi guys,
I've been following BP for some time now and often thought about investing in America. I'm currently in Scotland, UK, however I've previously lived in Georgia and have been to many states.
I'm looking to s...
Investment Info:
Single-family residence buy & hold investment in Montgomery.
Purchase price: $6,000,000
Cash invested: $4,200,000
Sale price: $14,000,000
Over the last three years we have bo...
Although it has taken longer than I had hoped, my lease has begun today for my AirBNB. I am still waiting on the delivery of the rest of my furniture that will be coming in by the end of this week. I am hoping to get ...
After spending a few years investing out of state in long term rentals, I realized that I would have to accumulate up to 100+ houses at the infamous “$100/door” target to completely decrease my dependance on my W-2 in...