It is a common argument whether buying a home is considered an asset or liability. IMO that home is a liability b/c it takes money out of your pocket, not back in. Even though, yes it is appreciating.Now, my question ...
I'll have the option to buy the following park:$300/month lot rent (All resident owned homes)35 lotscity water/septic sewerwithin 5 miles of a Walmart (tenants pay their rent there).Located in a county of approx. 40K ...
I'm looking at purchasing a single family house with tenants in place as my second rental property. My first was our former residence so there was no real transaction to deal with. Purchase price is around $35,000 (my...
I own a few properties (SFR, duplexes) in various states: CA (2 multis), FL (2 multis), TN (1 SFR). All are sole-proprietorship. Some are paid off, others have mortgages.1: How would you structure these in LLCs (I kn...
Hello Everyone, I currently own three properties under my name and have a separate checking account for each under my personal bank account. How do I best go about creating an LLC and moving the money in each accou...
let's say I invest in a rental unit (duplex) and after I subtract my income from my expenses (mortgage, insurance, management fees, vacancy, maintenance, property taxes) once I take my gross revenue and subtract it...
Hello community.
I'm getting more and more comfortable running property analysis' using the BiggerPockets Rental Property Calculator. My wife and I plan to buy a duplex/triples this Spring and house hack on the East...
I just made an offer on a SFH in which I was overbid by another buyer. If I had bought it here are the numbers I would have had in it:
$92,000 down payment
$40,000 to add two bedrooms and two bathrooms
$132,000 tota...
Hi all,I've read that Airbnb and VRBO hosts fees are tax deductible. I've found out how I can look up the host fees I've paid last year on Airbnb, but does any one know how to find that out on VRBO?Other than cleaning...
Hey folks,I am full speed ahead to close on my first duplex in mid-January. Will be utilizing this as a house hack. I need to get my banking situated for property expenses and am looking for suggestions on the best wa...