To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Hello,I recently identified a 6 family property that is being mismanaged. The owner paid utilities/expenses are high. On top of that the rents for each apartments are roughly 100-150 under market rents on a conservati...
The Ability to Repay Rule issued by the CFPB caps the maximum ratio at 43%.
Given that in most parts of the country it costs $75-$85 per square foot to build a site built SFR (sans land) a 1,200 square foot h...
Investment Info:
Single-family residence other investment.
Purchase price: $74,900
Cash invested: $10,000
Sale price: $185,000
Bought, live-in renovated, refinanced to buy another property, moved...
Hello BP Family,I am submitting an offer on a property this week. This is a duplex unit. I have recently been inform from my lender that Fannie Mae requires a 25% minimum down payment. I originally was planning on 15%...
I’m wanting to get started in real estate. I’ve found a duplex in my area that I would like to house hack. Its the closest me to my budget. But it would not cashflow. It would on the other hand cut my living expenses ...
So my wife and I are starting on the process of buying our first investment property here in Louisville. Over the last two years we have forced equity into our residence by doing a live-in flip. We don’t want to cash ...
Hi,
I have a question on cash reserves for a property. I am going to try and save 5-10% of my projected cash flow every month to put in reserve, as well as anything above my projected cash flow each month. My...
I am looking to invest in a market with a slightly lower set of entry constraints.... and suggestions?
owner financed property with 50% down on a 90 K sales price at 6% interest fully amortized in 10 yrs. Move in ready in great area with rents in the 800-950 range.......deal or no deal?