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Hi everyone. I'm new to BP and new to REI in general. I'm looking to do my first deal and currently have an offer in a 6-unit multi-family house. Seller asking $140k with gross profit of $31k and net with $19k(w/o dep...
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Has any rehabber used a self directed IRA for rehabbing houses? How do you handle the profit. Does it have to go back into the IRA which would seem to defeat the purpose as you couldn't make any money to live off. If ...
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If I buy a single family home to rent out in my name with a mortgage in my name, then quit claim the deed to my real estate LLC with the homeowners insurance for that property in both my name and the LLC's name, will ...
I'll try to keep this as short as possible (ok, just finished - it is rather long). I included a redacted version of my lease below a bunch of equal signs (====) for anyone who really wants to read into this.
TLDR: ...
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I bought a house SAn Antonio.Its a brand new community with lot of investor homes.My rental is through a property management company.I have reduced rent 3 times .My zillow contact is 43 totally but only 2 showings so...
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Hi Friends, I'm a huge fan of the collective wisdom of BiggerPockets, and wanted to seek out a few ideas. There is an apartment building listed on the MLS that I've been fantasizing over for several weeks, and after m...
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My husband's and my goal is to eventually use rental income as our retirement income. We currently have one rental home and are looking to have ~10 within the next 20 years. So the question is...what is the benefit of...
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I have been on this forum for a while now. I realize one of the biggest problems in real estate is finding capitol to invest with. At the risk of sounding just like one of the many other people complaining about the d...
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I'm almost 50 and just woke up to the power of REI. Kicking myself for not learning about this 30 years ago. But here I am, and I have a decent pile of cash ($120K) and a pretty good 401K. So I'm in a great positio...
Hello BP Community!
I have a rather bizarre situation and was hoping for some insight. I have a duplex (two units, one address) and rented out one unit to tenants and was keeping the other unit for myself. The tenant...