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Team --I’m looking to purchase my first investment property within the next month — very anxious and excited!!Has anyone ever gone directly to a bank and asked for how much they would refinance a listed property (post...
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I just purchased my first 3 bed 2 bath home with the intention of finishing out the walk out basement as a private fully furnished 2 bed 1 bath + full kitchen apartment. I am trying to determine if the numbers make se...
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My question is in regards to the effects on a reassessed tax value on my rental property and if/how that changes my yearly depreciation. The tax value on the house actually went down in a recent county reassessmen...
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My colleague, who is also a real estate agent called me up to assess a property that another investor wants to wholesale to us. Here is the scenario. The investors that want to wholesale the deal to us are asking 79K....
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The appliances in a duplex I bought are going to be replaced. Would love to write it off next year as an expense but wondering if that would raise a red flag with Uncle Sam. What do you all do? Capitalize? Or Expense?...
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So, i'm trying to analyze cap rates for a STR investment and I'm coming up with two different lenses to view a cap rate.
1. Annual Cash Flow potential from what I'm seeing would want to see a higher cap rate. Is tha...
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So I'm negotiating with a seller as a RE agent representing myself. Initially, in this deal and according to MLS Seller buyer agency commission is split 50/50 (ok great)
I submit my offer $9,500 below asking( includ...
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Hi Bigger Pockets,This is my first time posting on the forum. I plan on purchasing my first rental property this year! I plan on going the turnkey route of purchasing out of state property.I had a question on calcul...
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I am looking at purchasing an initial property. I would like to now what the cap rate is for the above area ( New Brunswick, NJ ) so that I can run the numbers for this property and see if it works and is priced corr...
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So if you have already gotten the motivated seller to sign the purchase agreement and thats all wrapped up after you 3)Submit the contract to title, i understand. But question : If when the title search comes back and...