Hello BP! I have been more active on the forums recently and I have noticed a common thread present and that is people like myself or in similar situations. I have asked this question and get the same response every...
Good afternoon BP,
I am a new investor starting out my business model with lease option sandwiches.
My question is: how do I determine the future value/purchase price of a home when structing the lease option sandwi...
Have another question fo rall you guys..
Tax time...Let me give you a run down..I purchased a place this year as I posted before. I am renting section 8 and filled out the w-9 form. i am postive cash flow, and want t...
Hi,
I've got a mortgage app in for a rental property. One of the conditions of the mortgage (which were given to me after applying) is that I need to purchase replacement cost coverage rather than cash value coverag...
Hi,After two years of saving, we are finally ready to buy our first property. We found the areas that we'd like to invest (Lenawee/Monroe Counties, MI ) The houses there are affordable, and they have some really nice...
I’m thinking about trying my luck in the Houston area. I have $325k in equity and $115k in capital. I looking to obtain cash flow properties possibly with quads/multi family, single family, and town homes. My $325k eq...
View report*This link comes directly from our calculators, based on information input by the member who posted.Hi everyone! So I just became a Pro member today, and I'm hoping to get some more expert...
Hi all, brand new to the forum and to BP. Heard about it a long time ago but got more interested from @Scott Trench's recent appearance on the Money Guy podcast. I have no previous rental business experience, although...
For Example:
Purchase a $50,000 home spend $20,000 in rehab. Sell for $100,000
That results in a net gain of $30,000 of taxable income.
Would I be able to perform a 1031 exchange and buy a $30,000 rental home fre...
I am a 30 year old Marine Corps. (9years) Veteran, I was quite embarrassed to start going to school a couple semesters ago, but after reading a couple books (of-course Mr. Turners, as well as Rich Dad:Poor Dad) I lit...