Rich C.
Financing a portfolio of properties
I am wondering if anyone has used the following strategy to finance property renovations or pay down principal.
Hypothetical situation: Portfolio of 5 properties that are currently rented but need renovations if goal...
Josh Garner
Ways to reduce tax liability on my cash flow
Hey BP! What are some ways I can reduce my tax liability on my rental property? After reviewing my taxes, I earned $26,400 in rental income on my property, and all expenses (mortgage interest, repairs, depreciation, i...
Anna Washburn
Thoughts on changing Strategy?
With the interest rates on the raise, would it be better to stop flipping and change to buy and hold strategy?
Jon Dawes
Keep equity for lower mortgage payment on primary v. buy cash-flowing invesements?
I'm still green around the ears but am preparing for my first rental property purchase this year. Assume for the sake of this conversation that all of my other finances are in order. I have been trying to process two ...
Account Closed
Seller's current tenant has a lease agreement for FREE rent!
Seller is out of state and inherited a property from seller's deceased father. Deceased father's girlfriend (tenant) has remained in the property rent free since the passing of the father over 1 year ago. Seller and t...
John Milius
Rent Increase/Property Manager
At the beginning of the month I reached out to my management company to see if they had a renewal plan for our current tenants (They are set to renew/move out at the start of May). I received a response the next day t...
Nickolay S.
Can I be a bank when I sell my property?
Hi everyone. I want to buy a property using cash, do some repairs to increase the value than buy it from myself (using another Corp.) by getting mortgage with 20% down and 4,5% per year and than sell it to someone who...
Jake Peetz
Cash Out Re-Finance Question
This is my first BRRRR deal. I am getting 10k more back than I put into the home after all expenses and costs. The only issue, if it is one, is that I am going from $600 cash flow per month to now $50 per month afte...
Greg White
At what point will the banks cut you off?
I know one of the strategies I hear frequently on the BP podcasts is to purchase a single family home investment property, fix it up to increase the value and then refinance - taking profits to use as a down payment t...
Angela Yan
Columbus Property Tax increase Ouch!!
Hi! Just bought my Multi in 2018 and now just got my adjusted tax bill. It went from $$$$ to $$,$$$. Almost 2.5 folds. I guess assessor went on purchased price of the property. Anyone tried fighting this? I was ...