Jordan Thompson
Off market pre foreclosure - ok for first rental property?
I got a lead 3 days ago through a family member that a customer of theirs is looking to sell a property off-market, but it's a pre foreclosure. I've been heavily analyzing for the past month in Hickory, NC but this o...
Jered Collins
Just went under contract (Review Deal & Tax Question)
Just went under contract today on a house in Richmond, Va. It's located in the South Richmond District of Richmond, Va. To the facts...4 BR 3 Full Bath2,497 Sq FtTwo story brick traditional Contract Price = $70,000R...
Chris M.
Reinvesting LLC Profits Before Year End ...
I am curious to hear how others reinvest (mid-year) LLC profits.
I just filed my taxes and now I am looking ahead to end of the fiscal/calendar year ... please chime in with any best practices.2020 feels like its f...
Claudius Anderson
Flexible Lender or Financing
Hello I’m new to bigger pockets and Real Estate. I’m looking to purchase my first property and I have a decent amount of money saved for down payment and closing cost etc. I make decent amount of money 70-80k yr and h...
Mike Pat
1st Time House Hacking in College Area
Hey,
Im looking at a 9BR/5BA in a college area in Philly and wanted to know if my numbers make sense. I will be using an FHA with 1.5% down and a 2.75% mortgage rate. The house is asking $395K but I would bid ~$383K ...
Kim Cooper
NOI Calculation Question
Should NOI subtract mortgage interest as an expense? The NOI formula that I am working off of is: NOI = Pre-tax annual rent income + other income - vacancy - operating expenses. Is mortgage interest included in NOI?...
Kevin Chin
Cash on Cash Returns with Taxable Equivalent Adjustment
Hey BP, I've been researching and searching intensely for the past month or so. I'll bold my key questions.My question is Cash on Cash Returns and comparing them to other forms of investment. When I am looking at rea...
Matt Hurley
Should I use a commercial loan for my first property?
Hey y'all! First time poster (and buyer), scoured the forums but couldn't quite find someone with my situation I could refer to. Apologies in advance if this is a double post or in the wrong category. I came across a ...
Stacy Miller
I need help with several things.
Ok so I know I need help but I'm not even sure how to ask for help. Maybe someone can point me in the right direction. I live in Texas and my husband was just told he needs to go work in Alabama. I just starting inve...
Eric Villafana
Can't Finance Rental Home Due to Loss Reflected on Taxes
Happy Sunday!I was recently in the process of gaining a pre-qualification for purchasing an investment home (buy and hold rental). Our starting target range ~$100K. I spoke with a lender who was referred to me by my r...