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Too much cash
I purchased 3 townhouses about 5 years ago in the $200,000 range. They are now appraised approximately at $300,000 each. My mortgages are roughly 175,000 each. Each generates about $300 month cash flow.
I would ...
Joseph Watson
Real estate tax benefits with seperate high income sources?
Hi there BP members hope you are all well today. I have a few issues that I am getting large differences of opinions on. I make over 100k a year at my current job and wanna get into rentals on the side to eventually g...
Bruce Weyer
Tax benefits for owning rental property
Just curious as to exactly how owning a rental property can lower my AGI (adjusted gross income)? I have heard that I can take the following:depreciation, but doesn't this just lower my net income for the property? wh...
Jonathan Vest
Memphis Duplex Rental Cash Flow Analysis
Good Evening BiggerPockets family! My name is Jonathan and I'm an aspiring real estate investor in good ole Memphis, Tennessee. I've been infatuated with analyzing rental deals for quite some time, but I figured it wa...
Sunny P.
Cash flow enough??
so I have come across investors that can live off their rental properties and then you some that are just happy with getting their mortgage paid off and have a little extra for repairs and maint. Example: if you're bu...
Mason Osborne
Convert primary residence to rental
hi all! I am considering converting my single family home in Richmond VA to a rental, this would be my first step into the real estate world. I’ve tried many of the free available calculators to determine cash flow an...
Troy Welch
MLS Description says "Income producing"?
This is a quote from a description on a $150,000 duplex "INVESTORS....Income producing property. Each unit is rented at $700.00 per month"It is 1008 sq ft, not on a large lot or in a growing area.I see this often and...
Ryan Tyler
Florida First Deal Analysis
My mother owns a duplex in Central Florida, and she wants to give it to me in exchange for paying future property taxes. Caveat is that I can't sell it b/c it is next to my parents house and they dont want it to leave...
Chris Thomas
Where are you parking your cash right now??
Where are you putting your extra cash??? With the possibility of extra stimulus money flowing soon, increasing the amount of random cash floating around and tanking its value, where are you putting your money? Obvious...
Victor Adewunmi
Real Estate Agent/ FHA loan deal
Hi BP,I have a question as an upcoming real estate agent. If I find a property that I plan to occupy for house hacking, how can I use my commission on the deal?For example, can I contribute my commission to closing an...