James Bailey
Am I the crazy one? I’m excited to close.
Hi everyone, What are your honest thoughts on the market? My wife and I are excitingly closing on our first rental properties, two duplexes. The cash flow will be rocky in the beginning but I believe in the accumulate...
Azin Eftekhari
Depreciation not enough to offset taxes
Hi,
If the yearly depreciation is less than the Income minus all other expenses, do we need to start paying taxes on the left over income?
example :
Net Income : Rent - (mortgage+insurance+tax+expenses) = $7,500 ...
Wei Liu
Newbie from New York City
Hi everyone! This is Wei from NYC. Excited to join BP here.I currently live and work in midtown Manhattan and has a pretty busy job (that's why I moved from Queens to save some commute time and also enjoy the city bet...
Melak Firdo
Columbus neighborhoods and future gentrification
Hello everyone, my name is Melak. I reside in Tel Aviv, Israel. I would like to get into real estate investment to achieve financial freedom. Currently, I want to increase my capital via fix & flip strategic, Righ...
Tony Marcelle
How and where do you locate for sale by owner signs?
Is this the better way to find for sale by owner homes as opposed to finding them on the internet? If you are doing this locally, where do you start to look for these random for sale by owner signs in the front yard? ...
Kyle Flynn
First Investment that closes on 5/14!
Investment Info:
Townhouse fix & flip investment.
Purchase price: $186,000
Cash invested: $26,580
Sale price: $246,000
I initially bought into this home to fix it up and rent it out, however,...
Daniel K.
Tenant unreachable after moving out
Here in Ohio, I recently closed on a rented SFH with a tenant that ended their lease 1 day after I got keys. I owned the property for 2 days under their lease. It's time to follow up with the security deposit so I n...
Gomez Hampton
Help with navigating NACA. Buying my first multiunit.
Im new to the community. I live in Chicago and looking to get my first multiunit in Chicago. I have my first meeting next month. My lease is up in May. I need to go through the process as quickly as possible but I've ...
Fred Watson
Are vacant multi-family properties a good investment?
I was wondering if anyone has had success purchasing vacant multi-family properties? If I got a hard money loan to cover purchase and renovations, then rented it out, and then refinanced it, would that be a good strat...
Stephen Jones
30A Watercolor Florida Vacation Home/Rental
BP,I'm wondering if anyone on here has a home down in Santa Rosa Beach, Florida (30A). I have just started kicking around buying a home here for my family and I, but I would need to rent it out year round as well. Doe...