Ty Reyes
Financing and Other Things -- Newbie's First
Hello BP fam, name's Ty. First post.Here to seek the collective wisdom of BP to help shorten my learning curve and minimize painful mistakes. Here goes (thanks to Chris Mason btw for this template):Short Term Goal: To...
Scott Johnson
Real estate planning/goals. Are rentals the way to go?
Hello! Looking for any input on some general questions...Some quick real estate background on me.I have one rental property 90k in equity, zillow estimate of home value is 200k and about the same in equity in my curr...
Yuriy Shepelin
NJ and PA Real Estate License, and best company to join
Hi All,I'm looking to get my real estate license in order to simplify the process of being able to look and list properties, to have a better control over negotiations, to capture some of the commission and to qualify...
Patrick Thomas Mc Manus
What tax percentage should I factor into my equation?
Good morning dear BP members,
I am analyzing the below rental property deal in Florida:
Purchase Price : $ 50,000 (including closing, cleanup & rehab costs)
Amount Invested : $ 10,0...
Account Closed
Filing an extension DOES NOT mean you dont owe money until then!
Tax season is in full swing, and for most individual taxpayers, the looming deadline for filing and payment is Monday, April 18, 2022. However, life can get complicated, and if you find yourself needing more time to g...
Thomas Mitchell
Just wanted to share my success story.
Hello everyone. This post has no point but to share a recent success of mine and to motivate everyone to keep working toward their goals. I purchased a house last week (4/2/2 in Texas) for $30,000. I used a fund...
Chintan Parikh
How to determine if a market is good for BRRRR?
Hi!I’m new to real estate investing and am slowly learning. I’m interested in the BRRRR method. How do I determine if a market is good for this method? I assume I should be looking for markets that have high cash flow...
Paul Giblin
Carrying multiple mortgages?
I’ve heard conflicting answers to this question. Using the Brrrr method, when it comes time to cash out refinance, do you have to be able to afford both mortgages even if your first one is renting with cash flow? Does...
Bradley Pitts
Rental Business: Active vs Passive Income
Hi,I think I understand the difference between active and passive income. Passive income applies to most small landlords/owners as they collect rent from tenants. This also applies to investors who collect interest or...
Ramon Romero
Initial Primary Residence
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $552,000
Colibri Cabin situated perfectly on 3 acres in a secluded pocket of Woods Creek Lake known as "Fisherman's Cov...