BP, I'm partnering w/ two individuals to acquire our first 4-unit property in Northeast NJ. We've been discussing financing options, specifically looking at FHA (less equity but 1-year owner occupancy requirement) and...
I recently subdivided a property and need to acquire new financing...this is sort of a complex scenario (at least it seems like it to me), so any advice would be appreciated. I'm basically looking for confirmation tha...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $195,000
Cash invested: $27,200
Sale price: $259,000
Contributors:
Peter Vekselman
Partner Driv...
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
I don't know what to do in this situation.I am an up and coming REI and I've started some marketing for motivated sellers. A couple is remodeling their home but are looking to sell the home. The husband has been given...
Hello BiggerPockets community! I'm thrilled to be here sharing my journey into real estate investing. Inspired by Rich Dad Poor Dad and The Book On Rental Property Investing, I've delved deep into the world of real es...
Hi all, I live in Montreal area and the market is difficult right now. Whenever I see a property that is well located and below my budget, the cash flow analysis leaves me disappointed.I found a great deal, so I thoug...
Hello all. I recently met someone who highly recommended this forum and podcast.
I've been in real estate some way or another most of my life (my dad was a contractor and regularly flipped homes in addition to build...
Hi everyone! I hope everyone is ready for a good weekend!
I am looking to help a friend acquire a plot of 10+ acres (preferably 30+) within 100 miles of Sanford, NC for farm/personal usage. Budget is $500k. Is there ...
Hi BP Community,
I have a tenant that currently has a cat that is allowed per the lease for a one time non refundable fee and monthly pet rent. They asked about getting an additional pet which I allowed for an add...