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I bought my primary residence 4 years ago for $150k. Now it's worth $200k because of market increases in the area. I'm planning to buy a new house to live in and rent out the old one, but I'm concerned about becomin...
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How do you personally calculate the cleaning fees?I've been running into this lately in my STR analysis. I have talked to PMs in the area and am told the "cleaning fee is a pass through cost" - I understand that the g...
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I am interested in finding out if anyone would recommend a reverse 1031 exchange?... If you have an investment property you want to purchase and take the profit from one you own but you purchase the desired investment...
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Hello all!Typically when I am analyzing STR deals my most efficient way to find out if a property will cash flow well or not I use the 15% rule. This is where the revenue for the property needs to be 15% or more of th...
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As Im doing my final round of analysis, just thought of putting this question here. I'm quite sold for the Kissimmee area and looking at some properties there. The reason I have almost decided for this market was that...
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Hello,I'm a long time follower of this community and recently made the jump into purchasing a home in Houston with the intend of turning it into an AirBnb. At the time I made the decision to purchase this home that is...
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Hello, BP newbie here. I was watching this video by Brandon recently and found the method interesting for helping to identify properties that might be worth a second look (https://www.biggerpockets.com/renewsblog/201...
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So I'm ready to buy my first SFH rental, but I'm struggling with a few things. I want to know what expenses I MUST account for when calculating rental income minus expenses. (Tax, Insurance, etc.) Also, how do I know ...
I would like to start a LLC and was wondering do I have to transfer the property into the LLC right away or can I do it at a later time?
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I'm considering putting an offer on a NOO duplex in Pierce County, WA, and since this is my first time jumping into the deep end of the pool :-), I'd appreciate a review/spot check from this seasoned BP community to m...