Patrick Barker
I have been a BP member for awhile... Time to take advantage
Hey community, I have been one of those BP members who signs up but never gets involved, it is time to start venturing out into the online world for advice and encouragement. I work in Jacksonville, FL but live and ...
Mark Tabah
Advantages of initial Mo-to-Mo versus 1yr lease in Los Angeles?
What are the advantages of initiating a new tenant agreement with initial month-to-month terms versus the more common initial 1-year agreement? This is in Los Angeles, I'm curious as to why a landlord would prefer to...
Steven Violano
Tax and other advantages of owner financing to pitch to a seller
A close friend and her two brothers, all retired or close to retiring, just inherited their mom's house. When I look at this house tomorrow I want to present a win-win to the owners (I've never met the brothers). If t...
Alok S.
Creating an LLC to take advantage of 20% on pass-through income
Hi,My wife and I have a rental property in our name. I am creating an LLC, both of us as members, to take advantage of the 20% deduction on pass-through income (rental income) introduced in the new tax bill effective ...
Matthew Crawford
Is there an advantage to getting your RE license as an investor?
I currently own and manage 35 rentals. They are a mix of commercial, single family, townhouse community, and 4 unit apartment buildings. I’ve been debating getting my RE license to gain access to MLS and save money wh...
Gustavo Ruvalcaba
New RE agent, how do I take advantage of it for investment ?
Hi, I recently got my RE licences and now I'm working with a team. He's great and teaching me a lot of stuff but my ultimate goal here is to invest. Don't get me wrong, being a broker is good and all but it takes way ...
Amir Navabpour
What am I missing on the advantages of financing? (buy and hold)
I know the conventional wisdom says you make a higher COC return when using debt, but I don't see it. Here are the numbersPurchase price: 125kRent: 1% (1250/month)Monthly costs:Prop taxes: 160Capex (10%): 125Repairs ...
Nicholas Salman
What is an FHA loan and how can it be an advantage?
An FHA loan is a government loan through Fannie Mae that is mostly geared towards first time home buyers. Some lenders vary on minimum credit score, avg being a minimum of 620 credit score3.5% downDTI ultimately up t...
Account Closed
I have equity... But how do I use it to my advantage?
In a very long story short I came across a deal I could not pass up. One year ago I purchased 23 acres of land with a tax value of $292,000 for a price of $175,000, 3% interest rate, and it is owner financed. The 23 ...
Marc Estepa
Retirees looking for tax advantaged strategies to buy retirement home in Maui!
It’s been awhile Bigger Pockets Fam! Posting for a friend. My friends’ parents are in their 70s and retired in California. As they have gotten older, they have been seeking warmer climates and want to retire in Maui. ...