I know that with flipping properties, the profit generated is taxed as ordinary income. And it can significantly increase one's marginal tax rate.Other than the basics of running a business (operating as a pass-throug...

Hi all, I'm a newbie to Bigger Pockets and have 3 questions that came out of the 90 day challenge webinar. Here they are:-How can I estimate reno costs if I don't have a clue on prices and I don't bring in a contracto...

Has anyone ever bought a piece of heavy equipment like an excavator or a Bobcat as a means to save money because you kept having to rent them for projects?Any thoughts on if this might be a smart decision or if I shou...

Hi there, I am new to the Bigger Pockets forums and want to buy my first Investment property, ideally a 2-4 multifamily property I would buy and hold with long term renters.  I live in Los Angeles so I wont be buying ...

in applicable markets? The market I'm looking at has 30k-40k priced houses that rent for $600+. Obviously some have bad credit, but that surely is not the reason why one would pay more to rent, is it?

Thanks
Fred

Is it considered standard to include all closing costs, capital outlays (for repairs, improvements, etc), and loan origination fees in addition to the sales price when calculating cap rates?I know that generally, when...

My first property is officially under contract. It's a small 2/1 here in the Upstate of South Carolina. The purchase price was $72k and I agreed to pay closing costs, which I assumed would be $3-4k... Boy was I wrong....

Hi, whoever might see this. I'm a freshman in college and starting off as a realtor (so any money I could possibly get helps). Foreclosure.com does an annual scholarship giveaway based on the topics they want to be an...

I was trying to do some analysis on different RE strategies between Buy&Hold, Fix&Flip and Wholesaling. The assumption i made was

- 10 house with equity capture of 25K for both Buy/Hold and Fix&Fl...

so i'm approved by wells fargo for 145,000 with 25% down. my rate is 4.875%. buying in the scranton PA area. paying no points. and here's the kicker which i feel is insane...$10,059.86 for closing costs and prepaids ?...