Raquel Baranow
IRS is Auditing My Real Estate Business
My business is buying vacant land, cheap through tax lien foreclosure and then selling it. I own 125-vacant lots. Business is BAD, I haven't made a profit in years. I was holding some of the lots for investment but th...
Brandon Duff
Property to buy?
Property listing price is 117,600
Property tax : 750 yearly
Insurance is 300 a year
I did 10% repairs of monthly rent
10% for cap expenditures of Monthly rent
Rent 1000
Vacancy is 10%
Jay McAllister
Rent or sell former primary?
Hi bp nation I Need Advice. Debating selling or renting former primary. I can pay it off and is worth appx $300,000 and plan then to possibly pull out nice chunk of equity if needed to buy other rentals. Or can sell a...
Laura Casner
Cash flow Cap X, repairs, and maintenance - suggested percentages of 10% realistic?
I am deep in analysis paralysis trying to find properties in my local market that will cash flow at least a little bit for a combined buy and hold + cash flow strategy. I know the market is not what it used to be, but...
Trevor DeSimone
Tax Consulting; HALL CPA, PROVISION, KEYSTONE ETC
Hello BP Fam,Like many here, I'm looking for a CPA to assist with not only my LLCs and out-of-state rental properties but my personal tax returns as well for 2023. I would also appreciate and benefit from tax consulti...
Asim G.
Custodial Roth for Minors
Hello,I have a 9-year-old who helped me with cleaning/power washing a property during turnover. She also helps me with paperwork every once in a while.I believe I can open a Custodial ROTH for her to pay for the servi...
Neil Seldomridge
To Buy or Not to Buy?
Hi all, I have done two deals now (a live-in-flip and a more turnkey duplex) and am looking to take down my first BRRR. My all-in budget is about 150k cash (HELOC) and I found a property that looks pretty good, but t...
Eric Schenck
To HELOC or not to HELOC...
I recently bought my first home (primary residence) with a no money down VA loan for $135k. I got a low price because it was an estate sale and VA appraisers appraise no higher than the VA loan amount. My neighborho...
Matt McCurdy
Cash Flowing Rental Property Still Exists!!!
I'm constantly reading on BiggerPockets investors saying you need to buy rental property, break even, and hope for appreciation and/or lower rates in the future to cashflow. WRONG!!!
I'm here to tell you I'm still fi...
Ceril S.
Do you own a personal RV? Having problems justifying!
Hey BPers! I've been thinking a lot about hitting the road and traveling once we are empty nesters and I've been looking at RV's. The depreciation is horrifying! It's a house that I'll lose money on!!!Do any of you ...