Rohan J.
Has anyone bought properties with high property tax? Regret it?
hey BP - I've been looking around in Ohio for smaller multis and apartment buildings, and while the rents can be great, the neighborhoods that I like just have property taxes. For example, I'm looking at 4plex in a B-...
Carrie Johnson
Massive student loans at 180K and I own a multifamily property
Hi everyone,I'm a big fan and followed a ton of the posts. Right now, I own a multifamily property bringing in 2K cash a month (if I don't live here)...Right now, I live for free and make a few hundred bucks a month.I...
Phillip Gonzales
CASH FLOW
I know cash is KING but I was hoping from some clarification in the whole aspect of not flipping but buying property and renting it out. I keep hearing this 50% rule and what not, but just want to see if anyone has an...
Nick S.
Pay off Student Debt or Invest
I am 24 years old, just graduated, and I recently settled in personal injury lawsuit and will be walking away with around $20,000 in my pocket. I currently have $10,000 on a lease on a car. The lease is still going f...
Matthew Swearingen
Memphis Cash Flow Doesn't Seem to Be That Great! So Why Memphis?
So I'm still doing my research on some properties in Memphis and I'm not seeing the cash flow return unless I'm missing something.Have a few homes in the $60K to $70K range. After I put in all the numbers for a home t...
Jason V.
Section 121 gains exclusion reported on what IRS forms if home was rental for 2 yrs??
It's my understanding that if there's a "partial exclusion", I'd use a Form 8949 with Code H...And if it's "fully excluded" and there's no 1099-S issued (which I indeed received no 1099-S), then I'd simply not mention...
Zachary Taylor
New to Notes.... off to the races!
Hello Fellow Notes Folks!New here and thought I would introduce myself. I am 33, worked in finance for past 10+ years in various roles including private equity, LBOs, M&A, credit, etc. However, I have not had prof...
Minna Reid
Dumb question about carrying the second
Ok - I just dont get it...If a seller carries the second, does that mean he is actually taking out a mortgage for like 20% so that you pay only 80? Or that he's cashing out 20% and giving it to you, or what?
Is it som...
Isaac Blocher
The Cost of Transactional funding
Calling all wholesalers out there on BiggerPockets. I am just curious about how much you'll are paying for the transactional funding your getting when you do a deal. I have talked to some wholesalers who pay 12% for t...
Joshua Dorkin
What Did You Leave the BiggerPockets Summit With? Your Highlights?
After 3 days of nonstop networking and 2 days of nonstop learning, I'm exhausted. That said, my adrenaline is flowing like crazy! The BiggerPockets Summit was absolutely incredible and unfortunately, we didn't have t...