Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
I'm going to check out a 2 bed 1 bath mobile home tomorrow. Everything sounds good, he had to move for his job. He is asking $8000 or $3000 down payment and make payments.
The mobile home is a 1972 14x60.
He comple...
Hi Everyone - long time lurker and researcher here on BP which by the way is one of the most useful sites you can possibly use to better your REI goals.So i have spent the last 9 to 12 months researching and learning,...
I have been poking around BP for about a year now, hemming and hawing about what my future investment options are. While I am new to real estate investing and still educating myself on the concept, I have been intrigu...
My partner and I are just about ready to get into Airbnb through rental arbitrage. Does anyone have a script they use when talking to land lords? Or can give pointers/ideas on what to say?My main selling points I hav...
Hi I’m a 17 year old and I’m completely in love with real estate and I am going into college soon and I was was wondering if anyone had any suggestions for a degree I should go for involving real estate? Or if I shou...
I have been doing lots of research on this site, and i have seen many people recommend going to your local REI club. So you can connect with other investors, so i contacted my local club which is BREIA. They offer a m...
I once heard a defintion of "Financial Freedom" that changed my life. The definition went like this;
"FINANCIAL FREEDOM happens when your wants and your needs are exceeded by your passive income."
Once I heard that...
Answer this… If I could walk away with XX years of my current annual cash flow, it would be worth it for me to sell my property now.Since we may be due for a correction here in the near future, I figure I’m not the on...