Account Closed
FSBO vs Agent, or rent
My house has been listed on the MLS for about 5 weeks, and on Craigslist and a number of other sites for the same time. There have been few calls from realtors, One rejected offer, and only a few from internet sites. ...
Dan Jurkovic
Trouble Finding Northern New Jersey Realtor
Hello BP! I am new to REI and am looking to start my journey by investing in rental by house hacking a duplex (or tri if that is possible) with my girlfriend. I have spoken to several agents so far, but am having trou...
Sarah Jukes
1st investment property. Questions!
Finally have a refi loan on our home approved. The amount can get us an average home in a slightly cheaper area or one of the lowest priced homes in a more affluent area... we want to rent the property out and ideally...
Amy Raye Rogers
Can I write off the purchase of a vehicle for tax purposes?
I'm considering purchasing a vehicle to do showings as an agent. Can that purchase be deducted? Is it better to create a depreciation schedule for it? CPA friends, help!
Michael Archard
Real Estate Commission: 4% vs 5% vs 6%
I have always offered 4% agent commission on the sales of my flips and personal residences (7 deals and counting) and have been able to get over asking price on 5 out of the 7. I have been told by a few real estate ag...
Derek Luttrell
Where to Keep Cash While Searching for Next Deal?
Hi Everyone, I feel like this is sort of a Catch-22 since, while searching the next (or first) deal, I feel like I'm losing out on potential interest while holding tens of thousands in a savings account (on top of 3-6...
Tyler Eastridge
Bonus room Ideas
Good afternoon,I have a property in Gainesville, FL that I am thinking about turning into a midterm/short term rental. It is a 3/2 with a converted one car garage that is a bonus room. This room has the washer, drye...
John Berger
Should We Sell or Not?
First timer here: My wife and I bought a house in 2015 for a great deal $123k for 2k sq ft. We finished an upstairs bonus room to make it 2600 sq ft. We now owe 105k on the house, but we aren't set on staying there lo...
Andrew Brady
Partnering on a flip
How would you structure a partnership, where one partner is putting up the money, and time, and the other is just basically acting as a co-signer?I was all set to close on my first deal, and the issue of debt to incom...
James Dainard
Fix and Flip in SeaTac, WA
Investment Info:
Single-family residence fix & flip investment in Seatac.
Purchase price: $110,000
Cash invested: $80,000
Sale price: $360,000
Thoughtfully updated charmer near the airport. ...