Account Closed
New to inventing and want to know your opinion
Hi all, I am new to investing and very close to my first deal. I live in NY and I found a two family property asking price $529K each floor has two bedroom and one bathroom and a finished basement. each floor can be r...
Stephen Chittenden
Thoughts on this Potential Deal
Someone has brought me a potential deal. It's a single-family home that has been renovated into 3 units. Gross rent is $2300 per month. Asking price is $150k with owner financing. Proposed deal:$15k down$135k purc...
Jon Q.
Most cities now in "Hypersupply" and "Recession" cycle phases
Many markets are now headed into "Hypersupply" and "Recession" phases of the market cycle (see chart below). It doesn't mean that you should stop looking/buying, but it does mean that you should be focused on deals w...
Jay Lee
Cast iron pipe cracked and need repair
Good afternoon, I have an older home built in the 1950s in phoenix. There was some backup of water that went from the shower and then into the bedroom next door. Have had multiple camera inspections of my pipes, and t...
Hannah Leas
Capital Gains Tax Help on Primary Residence
Hey Bigger Pockets Network,I purchased a home (first home and primary residence) in August 2016 for $135,000. I put in about $10,000 of renovations. This home was located in Vancouver, WA.In July 2017 I sold the home ...
Anderson S.
Stop Overpaying Taxes! 5 Insider Tips for Real Estate Investors
5 Tax Mitigation Strategies Every Real Estate Investor Should Know
As a real estate investor, every dollar you save in taxes is another dollar you can reinvest into growing your portfolio. Yet, many investors overloo...
Parag Goswami
Is multifamily deal closing time reducing?
Spoke to a few lenders and apartment investors, I learned the average time it took to close a deal 24 months ago was about 90 days and this reduced to about 60 days in the last 12 months. Some deals close in as low as...
Julio Gonzalez
Cost Segregation Study on a Residential Home
If a Cost Segregation Study had not been performed on this $616,000 Residential Home in Long Beach, California, it would have had first year depreciation of approximately $22,400. Thanks to the Cost Segregation Stud...
Evan O'Brien
Lenders waiving or allowing lump payment for PMI
Are there lenders that will allow you to either waive PMI (if you meet specific requirements) or pay your PMI in a lump sum if you put under a 20% down payment on a property? I’ve heard of Valley National bank and tha...
Rahul B.
Newbie to BP and REI - solo 401k vs. buy and hold REI?
Hello BP community!Great to join BP. I've been reading a few blogs and forums on this amazing site for about two weeks now, and am just starting out on my own learning journey in Real Estate Investing (REI). After rea...