So I own one rental property and I can cash out refinance and get $50,000. I'm a High School teacher and want to go from 2 units to 12 in the next 3-6 years. My wife has about $50,000 in student loans remaining. What ...
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Recently purchased my first turnkey rental and started making payments on the mortgage. Mortgage is about $134,000 at a rate of 4.875%. The property has a positive monthly cashflow of about $300 before factoring in ...
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I live in the Chicago area and I'm just getting started with a Buy and Hold strategy. My plan was to work closely with a partner located in St. Louis (where I grew up) to begin buying and holding single family homes. ...
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hello and any advice would be wonderful, I am computer illiterate and have never posted before so please pardon any flaws on my side.
my parents got divorced a while back, house is in both names, mother is in mental ...
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Hello!Two part question: Would somebody mind providing a brief overview of the tax savings of purchasing a 2-4 multi family in the first year of purchase as owner-occupied. For example: If my W2 income is 100k and the...
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Hi BP Community,
Haven't posted here in a while but my family is in need of some advice and assistance in the Denver area. I am going to outline the situation and would be very grateful for anyone who can provide gui...
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Hey guys! I have 2 questions:
1. Are you aware if I can deduct the following expenses:
-4 educational books (legal tax guide, how to successfully manage your properties, etc)
-office supplies: files, folders, paper c...
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I built a house this year that is now a rental property. I have all the cost and paperwork to back them up. This sounds like a perfect situation for using cost segregation depreciation. I am looking for a breakdown of...
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Hello!I am a newbie and have been reading blogs and hearing the podcasts on BP and my niche which I would like to follow through is in the multifamily space, specifically starting with the duplexes. I have analyzed a ...
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I founded the BusariGroup in 2014 before starting my job full time with IBM. I currently work for IBM and invest in real estate with my wife, Nana Busari. Nana works on BusariGroup full time as the managing director. ...