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Trying my darnedest to get my first deal under my belt. I have a friend who is moving in 2-3 months and wanting to sell their home. I want to "buy" it and start taking in some monthly income. I don't have a lot of mon...
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Does everyone know about cost segregation?
Thank almost hired a company at a cost of $4k, to do a cost seg study to offset my taxes. Then a cpa told me that that’s not necessary if I bought the property the same year...
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Of course, I am involving my own tax professional for my personal tax returns but I wanted some insight from the rest of the community here. How do you look at your taxes in relation to the effect they have on purchas...
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I've been working on my first deal for a while now, hoping it will close any day. I negotiated 3 existing attached flat screen TVs to be included in the deal. My hope is to use them as enticement for new renters, bu...
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Hi folks,(Posted this before under a different category then found this one, didn't know how to move it)I'm considering moving to a bigger house and my decision is part will be based on how to make the deal work in my...
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Hello all,
I apologize if I come off as ignorant. I'm still learning as much as possible but I'm in school full time so it's been a slow(er) roll with a lot of my time going towards studying.A quick rundown of my wif...
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I an a newish investor and new to BP. My question:
In looking to build passive income. . . why would I choose a rental over a tax lien? I'm here in Kentucky, and the interest return rate is 12%. Which is wha...
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I am considering a first deal. A house on a small lake with beach frontage. The house is in good condition with comps' @ 100K. The seller has land contracted the home for two years in the past. The owners have ...
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Im trying to send out a letter of intent for a master lease and option to buy on a commercial property in Orange County, but Im not sure of what are the master lease norms for my area. Is the option fee usually a perc...
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I will be closing on a home soon in Queens NY , the mortgage will be around 4100 , so now I have 2 options for house hacking , one is rent out unit one which is a 3 bedroom which I can get about $2500 a month on , the...