2nd Post ever!Thanks in Advance BP community. Sorry if this topic has be hashed out already.For a new landlord even if you only have one rental property how important is it to get a LLC.I've heard many different opini...
After multiple calculations on multiple duplex properties in start of my investments, I have noticed I wont be cash flowing. Occupying 1 unit and renting the 2nd unit has only equaled out the tenant paying a good chun...
Hi BP,I am pulling the trigger on another rental property. A duplex. Based on the numbers it looks like it is just going to hit the 2% rule. Purchasing for $31,500 w/ $1,500 seller credit and potential rent is 400-...
Bigger Pockets.. Its been a long time. Since my last time on here I've successfully purchased my first investment property. A triplex, currently trending to have a full ROI in around 4.5 years. Seeing the potential...
Hello everyone. Been doing a lot of research, reading and listening to all the podcasts available and deciding what to do as I plan to be overseas in a year or two. I am out of a job as I sold the properties that I ma...
I’m in the process of selling a commercial building and have been debating 1031 Exchanging into another asset or just paying the taxes and have huge capital in reserves and an even bigger purchasing power for the upco...
Hello!I've been on BP for a few months now. Never posted or commented just reading. But now I need some advice.Background: I have a double major in Finance and Economics so I like the numbers but I don't like crunchi...
How are people able to buy apartment complexes (5+ units) while “the numbers” making NO sense IN THIS MARET. Everything we underwrite looks terrible - (2% cash on cash AT BEST). Granted where conservative with our num...
Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...
Has anyone here ever defaulted on an SBA 504 loan. How is it dealing with Colson's Servicing? Did they attempt to enforce the personal guarantee? Was bankruptcy required?
How about a short sale? How was that handled?...