Hey BP Fam, I'm a novice analyzing one property a day, and I'm trying to see if I'm missing something here or if this property actually cash flows around 14% in year one. I assumed $2k in closing costs, 5% vacancy, 8%...
After almost a year as a lurker, I am looking at my very first rental property that I plan to buy and hold! Can you help me run the numbers whether I will cash flow well? What info do you need:down paymentmonthly mo...
Do people usually include accountants as part of their team?I’ve owned certain companies outside Canada and would do all finance/cashflow myself, but real estate is a new field to me as well as doing finance in a coun...
So...I want to try to analyze the flip of the house that I found to see if I'm missing anything.There it goes:This is the househttp://www.realtor.com/realestateandhomes-detail/2...it is under deposit not by me.Zillow ...
In October 2012 I was placed on title with both my parents. I currently live in the residence with my mother. It will be my primary residence. I will be refinancing and removing them from title in a month or two.
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I’ll try to keep this short..I started buying property in 2018 using a local credit union and my dad as a co signer. Things were going smoothly I’ve never missed a payment I’m on auto pay and have plenty of reserves I...
I've been renting out my home for a little over a year now. Originally I was hoping to get some help from a tax pro last year but with covid it got sent to the back burner. I'm sure I've missed a lot of deductions and...
Hello everyone. So I want to get more organized to streamline communications and the application process of acquiring a bank loan. I have heard the discussion before on the podcast about getting a binder together wi...
So when I was becoming educated about REI in general (reading books and listening to the podcasts) I was lead to believe that living in a property and renting it out at the same time (house hacking) was advantageous b...
There are a number of websites having calculators (BP included) , but they are often lacking some of the points above.
Many resolved having their own Spreadsheet or financial Calculator, but unfortunately being a new...