Micah Louden
New investor, in contract for house hack, advise on brrr
Hey bigger pockets members, my name is Micah and I am new to bigger pockets, I am in contract to purchase a duplex to house hack and save on expenses, what would be the best way to start the brrrr approach, I make abo...
Julio Gonzalez
Cost Segregation Helps Real Estate Investors
A cost segregation study is an engineering study that allows you to depreciate a significant amount of your real estate purchase price up front by breaking down the building into structural components which are expens...
Eric McCarty
Getting a loan for BRRRR Method
Hello All
I have a pretty good grasp on the BRRRR method and how it works (I think). The only thing I don't fully understand is the financing to purchase and rehab the property. I've called several banks and in gen...
John Kwon
BRRR cashout questions (tax related)
So interest rates are tanking so I was about to refinance and take cashout from some properties.But, speaking with my accountant, I found out that interest on the refi will not be tax deductible because I am not plann...
Joseph Hernandez
Calculating ARV Formula
Hello. I'm reading two different methods of calculating max offer. Max offer = ARV X 70% - rehab costs. Also, Max Offer = ARV – Cost of Repairs – Buyer’s Profit – Wholesale Fee – Other CostsWhich is correct? why are ...
Omri Liba
Impact of Costs on Note IRR
Hi,I use two techniques to financially evaluate notes:1. Through the RATE() function in Excel, without considering the costs relating to the note2. Through an Excel sheet that i built that takes into account servicer ...
Mark Andrews
Depreciation basis calc
Suppose I purchase a property for $200k. Is my depreciable base the entire $200k or do I have to back off the amount that is considered land?
Danny Webber
HOW MUCH CASH DO YOU NEED TO BUY 10 PROPERTIES? ANSWER BELOW
One of the large misconceptions in the REI space is that you will not need a lot of cash to acquire multiple properties. That is simply not true these days for a number of reasons. Certainly, there are exceptions to t...
Joey Wang
"Adjusted Basis" calculation
there seems to be a couple of ways to calculate Adjusted Basis. One method takes into account Costs of Sale. The other method takes into account Acquisition Cost. My question is, which should Adjusted Basis take into ...
Michael Steele
My Wholesale Veterans!!
I’ve got my process for marketing using “driving for dollars.” What is the next step in the wholesale process?!? Is it as simple as gathering all contact information for the property owners and then contacting them to...