Hi all! I've been binging on BP podcasts and recently just made my first offer on an income property back in my home state of Michigan. Link to the BP analysis: https://www.biggerpockets.com/calculators/shared/7...Hig...

Here are a few definitions that you absolutely must know.

Bookmark this thread and use it as your cheat sheet for 2024.
Okay, let’s dive in:
Here are the terms that I’ll define in this thread:
-DEPRECIATION
-BO...

Hello,
I buy, hold and rent out single family residences. Each new acquisition I then depreciate using a standard straight depreciation - total cost of land improvements. I recently learned that I could expedite some...

I have an issue with an A/C unit we had installed last year. The compressor is already fried supposedly because the install tech didn't wire everything correctly. The service company that came out wants to set me up w...

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*This link comes directly from our calculators, based on information input by the member who posted.

Let's assume $183/month to account for total CapEx useful life. Considering the property and all appliances, etc are brand new, does it make sense to include $183/month for Capex in the operating expenses portion of m...

Property taxes are a major component of expenses in real estate. Today I found this article from Mansion Global that shows the latest numbers from CoreLogic comparing the property tax rates throughout the country on a...

If you have been listening to the recent podcasts with James and Jessie, you know they brought their value add components. What are some of the lesser common things you add to your properties that may make it feel mor...

Hello all! After months of reading up on real estate and watching videos by investors, I'm looking to be get some one-on-one guidance from a BP community member to work through deal analysis for potential deals with m...

My son and I are looking to buy a mobile home park in Louisiana.  It is a 8 space park with 6 park owned mobile homes all currently rented out.  My son will be owner/occupant/manager of the park.  What I would like to...