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New to bigger pockets! I'm currently under contract to purchase a brownstone building in Jersey City, New Jersey. I just had the inspection and the inspector said the building has knob and tube wiring. Apparently it's...
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I'm super excited that 2023 is going to be the year I buy my first investment property. I'm planning to use my FHA loan to buy a small multi-family property (2-4 units), or a single-family with the potential to rent o...
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So I currently own a place in Golden Colorado. It is a townhouse that currently cash flows about $500 a month. However since I bought it in 2010 and that market has gone through the roof I now have over $100,000 worth...
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This post was prompted by a discussion of a specific STR-related tax strategy on another thread. But the concepts apply across a wide range of topics, so I'm posting my TED talk separately.
1. The annual nature of ta...
Torn between selling or renting a townhome in Seattle. If I sell, would be about a 100k profit. Renting would bring $400-$500/month more than the mortgage (not including rental expenses). This home has been my prim...
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I’m working on my expenses spreadsheet for purchasing my first STR cabin near Gatlinburg. I currently have:1. $175 Smart lock keypad for remote management of door lock on Amazon2. Furnishings that may not already be p...
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Hello BP family!
I am in the initial stages of planning converting my detached over sized 2 car garage ( 30x26, 780sqft ) into an ADU. They will have a private drive and private fenced back yard on the corner of the...
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I have been toiling over investing in DST 1031 Exchange vs cashing out by paying capital gains. I have read many DST PPM's and have come to conclusion the Sponsors are the only one that can reliably profit from these ...
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We are just starting out in the REI game in Central PA and we have a business plan meeting with a local bank to discuss an unsecured LOC over traditional financing. We want to drive home the fact that cash purchases ...
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I'm wondering what other people might have in their rental agreements if a tenant wants to get out of a lease early? Right now, my lease essentially doesn't allow it. I rather have something that says, must give 60 da...