David Wurzel
What Would You Do In This Situation?
I had a property inspection appointment with a prospect who actually cancelled at the last minute. No problem. He said he would call back to reschedule. Maybe that was fortunate. I did a quick background and found...
Jesse Poll
My first property offer. Tell me what you think please.
I just put in my first offer yesterday. Here it is. This property is not on the market yet. They will be asking
Asking $149k
Offer $140K
Total PITIMI $1050
To get this property I will probably have to pay full price...
Kevin Zou
Does depreciating house on tax return lower borrowing power?
Hey guys,
From what I heard banks normally use your gross income to debt ratio to determine your borrowing power. If I depreciate property value on my tax return to deduct my net income, will that impact my mortgage ...
Michael Periu
Accounting for real estate property taxes
Good evening! These forums are great. I'm writing to ask about best practices or common approaches to accounting for property taxes.
Here the tax bill comes out in November of each year. If you pay in November you ge...
Ralph E.
How would you use an FHA loan to turn into cash flow, etc.
How would you get cash flow, and sell for a profit, by using an FHA loan to acquire a 2-4 unit property? I am trying to figure out how to make this work, as in, what I need to do to be able to make cash flow, and to l...
Steven Fitzen
Claiming Lease Option Income
If you control a property through a lease option, can you, after an established amount of time, claim the income from the controlled property in an effort to acquire financing for it?
Kyle B
Finding Sources Of Motivated Sellers
I can find sources of motivated home sellers such as pre-foreclosures, judgements, divorces, marriages, estates, expired listings, FSBOs, evictions, absentee owners, etc.
There's 2 types of motivated sellers that I'...
Sylvin E.
New from Los Angeles, CA & Needs some advice
Hello everyone,
I'm new to BiggerPockets and a newbie real estate investor. Just trying to get my feet wet and this site has proven to be a great repository for tons for useful info.
So I guess I'm i...
Justin Gabrielli
Analyze my deal? First deal ever
Hey everyone, I wanted to see what potential blind spots I may have in my short term rental deal. This is my first property every so be easy.
Back story I bought some land at the end of 2020 within eye sight of a lak...
Calvin Chan
First single family home
Investment Info:
Single-family residence buy & hold investment in San Luis Obispo.
Purchase price: $596,000
Cash invested: $150,000
originally purchased to be my first home, started remodel (self...