Hello guys,While I've listened to many bigger pockets podcasts, I'm new to the community and this is my first post. At 30 years old and after a long educational journey to become a doctor, I'm finally at the point in ...
This seems too good to be true, so it probably is. But as I am new to this and my MHP experience is limited, I'd like your opinions and help in asking the right questions to uncover the real facts, dirty details. Her...
I am starting a partnership for flipping. I am responsible to find the property and funding, my partner does the renovations (the contractor- including labor and expenses) and we share the profit. He wants a bonus o...
When doing a flip, what are the pro's and con's of paying under the table. Do the benefits outweigh the risk? What do you do on your flip/rehabs/rentals? Why?
I have a few questions about estimating numbers for investment properties and how other people determine their numbers. Right now, I am looking specifically at Utility Bills and how they are determined and allocated.1...
I am going to post some random posts on hear of my current successes or failures. Today is about failure and what went wrong.I have a quote on my visualization/goal board sitting next to me. It states "Risk and Failur...
Can someone give me a definitive answer on the 50% rule? I understand the concept, that your expenses should only equal 50% of your gross rent in order to get positive cashflow. But which expenses are included in th...
Might be a stupid question but - is Cash Flow Taxed? I've heard some people say that cash flow goes "straight to your pocket and it's all yours" and others say don't forget you pay taxes on it. Well, which one is it? ...
Hi! If I set up a LLC to hold my real estate, must all my business expenses be paid via the LLC bank account for annual accounting purposes? For example, my air ticket expenses, food during my business trips, hotel, p...
I'm new at real estate investment and have been reading everything I can on investing properties, specially at Bigger pockets. My goal is long term investment. Buy and hold. Being so new I would the more experienc...