Mike Brown
How do you use the BRRR method to pay off a home?
For example, say you buy an $80k home with $20k down and spend $15k in renos. It goes up to $125k after a year of "seasoning", which is an increase of $45k. In newbie terms, what is the process of using that $45k incr...
Jagadeesh Chandramohan
Depreciation Recapture
When you sell a rental property, depreciation recapture is taxed at higher rate.My question is do you owe the tax on depreciation recapture if you actually had no tax benefit from it during the years you were renting ...
Lyuyuan Zhao
Credit Cards? or No Credit Cards at all?
Hi all,I'm 19 years old and I have never had a credit card in my life, and I don't feel the need to get one any time soon. However, I want to eventually qualify for loans so I can start investing. Though no credit car...
Steve A.
Questions About Joint Venture Deal
Hi!
So I am in a rather unique situation where I made quite a bit of money suddenly and thus cannot obtain financing for investment properties, since it's based on the DTI from my W2, which I have already max...
Rob Greenawalt
How can I buy my first property with very little down payment?
I have been learning for a long time, but have never purchased an investment property. I have good credit, but little cash. I'd love to purchase a 2-4 unit property and have some purchase strategies: 1. Find an owner...
Kathryn Baker
New multi-fam owner in Rochester, NY down payment question
Hi all!! My husband and I just had an offer accepted for our first Multi-Family in Rochester, NY. It is a two unit (2 bed, 1 bath each side) we are planning to live in one side. The other is currently rented (lease en...
Jon Klaus
10,000 bulletins posted
If you are not checking out bulletins under Knowledge Base, you are missing out on a great BP resource. I've learned a lot from the bulletins and check them several times a week. Thanks to Bryan Hancock and the other...
Julia J
Snow removal
I own a small building with 5 units. Each unit has its own entrance. Should the tenants be responsible for pulling the weeds for the piece of land belonging to the apt they rent? What about snow removal and salt sprea...
Ryan Ohendalski
Young Central Texas Investor- Tax Sales and Trustee Sales
Hello,
My name is Ryan and my wife and I are looking to real estate investing for our future. We are both 24, but we want to start as early as possible and replace her income so she can stay at home when we have kids,...
Account Closed
question about infiltration
i'm noticing that many properties in my area (sherbrooke quebec) have infiltration. is this something to be concerned about? are there certain types of infiltration that are worse than others? i recently purchased a d...