Hello All, My wife and I are newbies and are looking to get into the rental/flip market here in Charlotte, NC. We were thinking of doing a cash out refinance on our current primary residence to fund our first inve...
Hi,I've been buying and holding my rentals for 6 years now (mostly duplexes) and have poured money into paying them down and off. Currently have 4 out of my 8 paid off. I want to purchase more and maybe get into som...
As a newbie investor, I’m conflicted between cash flow vs appreciation potential, especially in a market where everyone wants the highest price and deals are harder to find. If the cash flow numbers make sense, does i...
I've been trying to find a definitive answer on whether a landlord (in my case, owner of 4 separate rental units) can take the 20% pass through income tax deduction for tax year 2018 and beyond. I've been reading conf...
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $55,000
Cash invested: $36,000
3/2 1,600+ sqft SFH. Off market deal. Required an extensive remodel.
What ...
I am looking at buying a property all cash so I can close the deal quickly over someone else. How long would I have to wait to get my cash back out so I can use for another property. Are there multiple routes? I do...
Does stashing away for vacancy really mean anything? The idea behind stashing for maintenance and Cap-Ex make sense, but for vacancy, say you start out with a new rental, and you put away 3-5% for vacancy per month. L...
I currently have about $115k in my Roth IRA. $60,000 is contributions. If I understand this correctly, I think I could pull out $60,000 for a 10% penalty ($6000). If I pull out the whole thing I think I would get hit ...
Greetings BP family,I anticipate my amateur story will bring harsh criticism, but I really need some help before the situation snowballs into catastrophe. Here it is:One of the tenants in my duplex rental in Whittier,...
I see a lot of people analyzing deals and they do a nice job of assigning a certain percentage of monthly rent for different expenses, maybe 5% repairs/maintenance, 5% Cap Ex, 4% Vacancy, and 8-10% Property Management...