A co worker of mine knows I am starting to invest in real estate. He approached me months ago telling me about a duplex he owned in Dayton. I showed so interest, but he was asking to much. He owes 5k in back taxes and...
As Hurricane Milton lingers about ten miles off the coast of Pinellas County, it feels like déjà vu. We just got hit hard by Hurricane Helene, and now Milton is charging in. This morning, before Milton makes landfall,...
In a recent post about how to minimize the taxes on rental income it was mentioned that: Setting aside reserves is an expense, so long as they are not excessive. When you draw down the reserve you count it as income b...
Wife and I purchased a SFR in Phoenix a few months ago with the plan of making it a LTR. We thought we had our rental numbers right but after listing it for just over a month, we're looking to lower the amount again a...
Some questions for those with a few development projects under the belt and a good grasp of the "financial engineering".
Let's assume the following numbers for a multi-unit suburban residential project:
Newbuild sal...
Hello all! Just signed up yesterday...First post, first question:I'm a newbie, looking at a 1 BR condo I can get fairly cheap, and the rent payment would cover the mortgage payment right away, making it cash-flow posi...
Hello, have my first opportunity to buy 6 properties from an investor.Bottom Line: 216k for 3350/month in rent. I posted the full analysis below and these numbers seem like they would work, my worry is this is a bigg...
Hello all,
This is my first post in BiggerPockets. I've done some reading and been really looking into getting started with a STR.
I recently was let down by the fact that I would not be able to withdraw early from ...
Hi all, I know this topic has been around in many posts but I'm still not sure about a few points. I'm a CA resident investing out-of-state. I'm about to buy my first property in OH and plan to buy many more in OH and...
New to renting, looking for advice.
Single family home valued around $1.1m. Roughly $510k owed. Converting it to a rental projected to rent @ $4500 monthly. Currently monthly is $2800 monthly on a 2.65%. Property Man...