Does anyone have experience buying a property with a cistern and vault plumbing system? Did you upgrade it to a well/septic? Thank you!
When analyzing a deal, the expenses data available (opex, vacancy, PM, capex, etc.) is at the time of purchase. However, this data is bound to change post purchase. What are some tips to estimate what these expenses w...
Hello BP,This is my first offer on a multifamily property. The property was built in 1988. I rate the neighborhood a B- or B. Each unit is a 2 bed/2 bath. Current rents are $550 each unit. All units are occupied. My o...
Looking at a SFH as first time investment [cash deal]
House is located in excellent area with plenty of jobs and hot market for houses
Overview:House is super clean and requires no repairs
Cost of house is $180,000...
Hello BiggerPockets Community!
I hope this message finds you well. I'm currently exploring the possibility of applying for an FHA loan and had a couple of questions, and I'm eager to tap into the collective wisdom of...
I have an LLC which was created this year, for a deal that fell through day before closing. There have been no transactions-no income no bank - but I want to keep it open for another deal. Do i have to file taxes on it?
I have a 2 bedroom, 1 bathroom unit with a short water heater under the kitchen counter. The tenant is saying that the water heater is making some water noises. I previously discovered some condensation related moistu...
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
Hello everyone!
This is my second post. Brand new investor here looking to purchase my first property soon.
Ignoring the fix & flip side of things, and just talking about buying homes and renting them out, is t...
We get asked this question a lot. Here are some things to consider. Define Your Budget: Determine your overall budget for the project. Consider factors such as the scope of work, materials, labor, permits, and contin...