Account Closed
AGI over $150K. What do you pay taxes on?
Seeking some clarity.... If I have an AGI over $150K (lets say 39.6% tax bracket) and I own a rental property with figures as follows:- Annual Rental Income: $40K- Annual Operating Expenses/Mortgage Interest/Deprecia...
John Jabson
Inflation?
This is such a basic question, but I don't quite understand the basics of it.
If my income increases by 3.5% per year (that's my current raise per year per our contract) and inflation has been between 3-5% pe...
Nadirah Dawson
Got my first wholesale deal! Now how to close it? Yikes!
Hello All,
So I found my first deal! Kept driving by this house that showed the signs and finally got the nerve to speak to the owner. He is an older man (so sweet) who just can't maintain the property anymore. Now h...
Yusuf Mathai
Putting a Team together
So this is my first foray into tapping into the collective wisdom of bigger pockets.I am just starting out in real estate, and this will be my chosen vehicle towards financial independence. I do have a day job that I ...
Gary Threadgill
wholesaling
Hey BP,
I Am new to investing and have read that it would be best to start out wholesaling. So My questions are how would i get started in wholesaling?
How would i find deals?
If you dont actually...
David Emerson
Sticker Shocked By 5.50% 30yr Fixed Rate, Pre-approval Shopping?
Hey BP Community! I recently got a pre-approval back from a great mortgage lender but was a bit sticker shocked when it came back at 5.50%. I know rates have moved quick over the past few months and can vary amongst r...
Tommy Keay
Step by Step Process on Getting Started
I am writing this as a new investor, to draw out my steps for action. Some I have already completed/are completing and others are what the near future looks like. Comments, tips and advice are welcome!
1. Start analy...
Tom V.
How I made almost a million dollars on my “first” house renovation
BackgroundI have learned a lot from people on the BiggerPockets boards and I wanted to offer some of my experience in the hope that someone else could find some useful information. I started following the real estate ...
Joshua D.
Dad said Money with No brain forget that.
So me and my dad arent very close and we went out to eat and he just retired from army couple years ago. We got to talking about finances and he told me what he makes which was $175,000 a year out of the army working ...
Rhondalette W.
$3500 Earnest Money Counter Offer?
Hey BP, I made an offer on a SFR potential rental property for $104K in my offer I suggested $100 option fee for 10 days and $1000 earnest money. They countered back with same price $104K but wanted $3500 earnest mone...