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Along this journey of life, we will make mistakes, it is inevitable. Once you learn to accept your imperfection and instead use past mistakes as steppingstones for future success, this is when you separate yourself fr...
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Hi everyone! So I’m working on my networking and building my “team”. I am meeting with a mortgage broker on Wednesday. I do not have a property yet. I am just seeing where I / we (wife and I) stand for prequalifing fo...
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Last night I set up an S-Corp and obtained a tax ID, with our goal being primarily flipping and short term investing.
But what about securing a company/business name to use? Was the name I entered in the S-C...
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Hello! I am looking for some information on how to estimate what construction costs will be for a development of an 8 or 10 unit townhome style property.I have an opportunity to purchase some land on the east side fro...
I was hoping someone might know the answer to the question I had about whether I need to report the earnings on my Airbnb listing. I listed it last year for around 2 1/2 months, but since the apartment is rented, I di...
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So, here's a question I have been trying to find an answer to for a few weeks now:I know a gentleman that wants to sell his residential investment property and use a 1031 exchange to purchase a commercial property wit...
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An investor has a building that I'm trying to evaluate, but can't determine which method to go by. Here are the numbers;
Actual Gross Inc $69,600.00
Actual Expenses $(16,224.00)
Vacancy (10%) $(6,960.00)
NOI $46...
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How does an investor make a $2.2 million Triplex a smart investment? I live in Bend Oregon which is a really strong market right now, but I am very interested to know how someone can turn that kind of money into a sma...
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Hi All, My husband and I are looking for quick ways to increase our income so that we can reach our goal to be able to purchase our first property. Earned income isn’t exactly our favorite option but for me it seems t...
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Hello BP Community!
I'm currently looking at getting an FHA203k loan to purchase a rehab property that I'll be using as a house hack. Admittedly, before learning more about 203k, I got preapproved for a standard FHA ...