Reco T Bumpers
Newbie introduction and advice inquiry
Hello everyone,I’m completely new to real estate investing and am looking for suggestions on where to begin my journey. I grew up in Mobile, AL and currently live in Houston, TX; those are the two areas where I would ...
Devron Goodwine
What are my option
I'm 80% completed with my first rental property. I bought it for 12k and will have 14k in rehab expenses with a ARV 55k. I'm renting out the 2 bottom room making $700 and I living in the top bedroom with a loft that I...
Jonathan S.
Cash Out Refi-thoughts?
Hi All,Need some advice, bought a owner occupant duplex for 160k; put near 25k into it. Terms: 30yr 3.5%, 0 down(VA loan), rent covers mortgage. I have the option for a 100% cash out refi at 3.375% locked in today. Zi...
Oskar Czeladko
San Diego Resources for Finding Homes Off MLS
Good evening,
Upon completing graduate school I am looking to find a home that needs significant work done to having construction and renovation skills. I intend on making the home the primary residence as a first ti...
Alex Chin
New to real estate from Seattle, Washington
Hello Bigger Pockets.My name is Alex Chin. I stumbled onto BP while listening to random Youtube Videos on the basics and tips of rental real estate investing.I am interested in long-long-term buy and hold rental prope...
Robert Burns
Missed Deal
I just had an upleasant experience in that the house I had under a lease option contract was sold to tenant buyers I introduced to the seller. They were able to buy the house outright and did not need to use my Rent ...
Tony Schlader
Newbie seeking knowledge/experience- Morristown, NJ
Hello BP Forums! I have been lurking here for a few months, and now that I had some time to absorb some of the wealth of knowledge, I would like to introduce myself!My name is Tony Schlader, and I currently work full...
Tony Castronovo
Another BRRRR Question
I just picked up my third property. First one I used conventional financing (hold as a rental). Second one was a flip that I used hard money for. This third one (another rental) I had enough money in the bank to b...
Benjamin Singer
How to finance a relative buyout
Hey Bigger Pockets Community,I have a particular situation at hand that I wanted some guidance on from the group. My fiance mother and sister own a cottage outright. My fiance and I want to buy out the Aunt swiftly as...
Costin I.
Capital Expense RESERVES as deductible expense
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...