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I’m preparing to buy my first rental property soon. My question is about the taxable portion of the rental income, specifically, money that is set aside for repairs, vacancy and capX. Is that money considered as incom...
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Hey all. I purchased a sfr in Allen Park MI in November. For those familiar with the area it's right off of outer drive and southfield fwy. It took me a month to update the house and I'm going to rent it for 1k a mo...
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Hi Everyone,I have been analyzing investment properties in the Atlanta area, so far none seem like a good deal. For example;https://www.georgiamls.com/424-powers-ferry-rd-se-marietta-ga-30067/87490783 beds, 2 bath all...
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So I have been spending a lot of time of understanding several different financing techniques and the power of leverage. So here are the cards in my hands before playing...- I just have been working my current employe...
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Hi all,I am fairly new to BP so if this post is in the wrong place feel free to let me know.Currently, I am looking into buying a duplex in New Orleans and living in one side. However, typically when I run the numbers...
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How do you locate a real estate broker who works with investors and bank owned properties?
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If you have a duplex that has one circuit breaker & one water heater, how are you splitting the utilities? I've heard of folks setting up the "budget" payments through their power and gas company so you pay the sa...
Hi,I am looking to build my RE portfolio in Texas. Preferably using BRRR. I would like my first property to be a quadplex that I can BRRR & househack in. Does anyone know any good wholesalers, contractors in Austi...
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I've been reading this forum continuously for the past two months and am amazed at the amount of information here. Thank you all for contributing and sharing!
One of the things that I'm still trying to wrap my head a...
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Newbie here!So I’m not at the point yet to potentially buy and renovate with my own cash. I was thinking about purchasing the house with cash and then getting a rehab loan. Afterwards refinance and then pay back the r...