Andrew McAfee
How to Account for Closing Costs?
I just bought my first rental house, and I am not sure how to account for expenses for first year accounting. I understand how expenses are calculated for 2nd year. I have been researching and have read mixed result...
Brian Campbell
Using 403B and Roth IRA Money
Is it possible to move money from a Roth IRA and a 403B account into an investment property without early withdraw or tax penalties? I have around 15K in several different funds that I believe would serve us much b...
Dawn Anastasi
Best way to reserve for repairs
I have thought about 3 strategies for putting money aside for repairs on a rental property:
Method A - Determine an amount and "escrow" that
Example: $2,000 (depends on size of property)
Put away $166.67 until that a...
Pete K.
Newbie from Cape Coral, FL
I am looking to gain knowledge, and confidence, to wholesale properties.
Chatree C.
Magic number in your market
Hi everyone, I'm an aspiring investor and while I read and learn as much as I can on Biggerpockets, one thing I realized quickly was the drastic difference in each market. For example, 1% rule is highly unrealistic wh...
Cristian Guajardo
New investor - am I doing the analysis right? Expected hit rate?
Hey everyone, new member here and looking to find my wife and I's first deal. I recently got introduced to BP and have been wanting to jump in, but responsibly so. My wife and I are in our mid 30s and are both W-2 wi...
Joseph Weisenbloom
How should I handle this? (Texas)
Not really a big deal but my tenant is complaining about cockroaches in the house. It states clearly in the lease that the tenant is responsible for all pest control (standard TREC lease language). How do you guys han...
Matthew Jaeger
ADU/DADU, valuation and financing
How do I properly value my stake in an ADU development project on my property?Background: I have property on which I intend to put two more units. The lot is 5950 sq. ft. The lot is situated as the standard 50'-60' by...
Chase Leibfritz
Can two people sell separate properties and 1031 exchange into one w/LLC parnership?
Here is the quick question: My mother in law is looking to sell bare land in Idaho that is owned outright. It is expected to bring 750k. I have a property that I am selling in Utah at 630k. Is it possible for us to f...
Account Closed
Private Money - how to structure relationship?
Looking to make my first purchase and may have the option of taking private money. From what I've found, many people don't advise a newbie to go the private money way.
Assuming you did go that way, how do you struct...