John Burtle
What's the best way to account for repair costs?
I'm by no means ready to invest just yet. I am still doing research and saving $. In the mean time I'm trying to learn as much as I can. What is the best way to account for repair costs on a house? If I see a house fo...
Henry Lazerow
Deal Diary: 4 unit BRRR in Irving Park - House Hack
Congrats to @Kristopher Toribio and thanks for letting me make a deal diary. I sold Kris his first property a few years ago in Albany Park which was a 2 unit he did a similar style rehab on and then got re-appraised h...
Account Closed
Closing the deal...buy in my own name or as an LLC?
Hi BP Community,I am looking for my first deal and am in the process of researching S-Corps and LLC's. I was wondering what other investors do when purchasing a property. Do you make the purchase in your own name th...
Account Closed
Is there such thing as too low of an offer?
I'm considering investing in a duplex that I will owner occupy. The duplex was built in 1991 and is priced at 285k with an assessed value of 255k. The listing agent said that the price was set where it's at because ...
Bradley Lemen
Is it bad to focus on only getting a 3-4 unit for your first?
I have been pre-approved to get a home and I have seen a few places and also put an offer on 1 but it didn't go as planned. I have mainly been focusing on duplexs but my area doesn't have them on the market as often. ...
Kuriakos Mellos
Dilemma: Save up to buy 1 more or begin paying down properties more aggressively
HI everyone: I keep on going back and forth on this but want to ask others who have made moves in either direction this year (or gone down the route of paying off properties early in general). The higher interest ra...
Jonathan Farber
What amount reserves to keep in your rental bank accounts?
Hey all, doing some financial planning this week as we are looking to add some properties. Call me old fashion, but I like the idea of having a few months PITI (Principle, interest, tax, insurance). Any good rules o...
Peggy Beauregard
Depreciation to some partners & not to others in same property.
A syndicator has told me they can give a better return to IRA investors as they don't need depreciation and her accountant does this type K-1 schedule. This would mean the people investing from their personal savings ...
Seth Wilcock
Speedway BRRRR - 2/1 SFR - Full Rehab
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $51,250
Cash invested: $23,000
2/1 BRRRR in Speedway, IN.
What made you interested in investing in this ty...
Larry Tran
Invest in duplex/SFR first before jumping to CRE?
Hello BiggerPockets community!I am a 27 year old newbie in real estate from LA and this is my first post in BiggerPockets. Most of my life I have been focused more on my career/school (9 years of college/post grad) s...