Josh Young
Why you need reserves
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...
Account Closed
LLC can't quite BRRRR
So this may have been discussed many times already, but using an LLC to purchase and rehab to BRRRR doesn't work quite well. I bought my property using an LLC and now it's stabilized and ready to refinance. At first...
Anna R.
Taxes on Flipped properties. Do I pay higher taxes?
If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Astrid Cuas
YAY. My offer was accepted. Buy and Hold; Nervous
Hello BiggerPockets,Happy to report that after 8 months of research; three offers rejected and two realtors I finally got an offer accepted. Small multi-family in a nice area. Asking price: 55K, Duplex, built in 1910,...
Mark Gruetzmacher
To partnership, LLC or Sole Proprietor-Tax Questions
Hello everyone, I have another question to run by you. I am trying to figure out which is the best way to structure this deal and how to do it for tax purposes as well.I am closing on property on Tuesday. My father ...
Mike Franco
getting started in BRRRR with $1M cash and $1M+ assets? leverage
I need a strategy.
I'm retired, but never got into the BRRRR. I have $1M cash and $1.5M in paid off real estate assets, no debt, and no 'real' income. 830 FICO.
I want to leverage my assets and start BRRRR to secure...
Tony Thompson
Newbie at the End of the Budget
So I've come to a point where my marketing budget has been mostly spent for the next 45-60 days. I've sent roughly 350 yellow letters, and no halfway decent leads. I have had leads however they were all either upsid...
Erik Trefzger
New Member in Seattle
Hello BP,
My wife and I live in beautiful South Seattle and are relatively new real estate investors. I am an Energy Trader and my wife works in Tech, and real estate investing has been a part-time job of so...
Matthew Jure
CapEx Calculation Controversy
I've done a lot of investigating and found that if there is one thing that will kill a real estate investor, it is CapEx. CapEx has been dubbed the "Silent Investor Killer" because many investors don't a lot enough to...
Account Closed
Help looking at my first deal
Im looking at a townhouse investment. This is my first potential deal. I like it for several reasons. For one, it appears to be virtually turnkey. This is a new townhouse development that is not yet complete in constr...