Austin Latty
Advice on first flip
Hello BP,I have finally started taking big action and not trying to have the whole process figured out before moving. I have just gone under contract on my first investment property, and will be flipping it. I have ...
Account Closed
New Real Estate Investors – You’re Gong To Spend Time or You’re Gong To Spend Money
Don’t you hate being lied to? I hate it when some “guru” claims
“No Cost, Zero Down, No Risk, But wait there’s more, we’ll tell you (on video or zoom) how to do this for only $xx,xxx. “ and the “community” will save...
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Minimum monthly profit
What is the minimum monthly profit you look for in a rental property?
I am looking for $400 a month on a duplex, is that reasonable?
What other ways can you benifit from a rental property?
Evan Ernst
The art of refinancing
I'm looking for some advice on refinancing. I have a $661k loan on a 2 family property in Brooklyn that I planned on holding for 5-10 years (what I expect will maximize the growth of the neighborhood and value of the ...
Hersh M.
Tax filing and tax accountant related questions
How do most real estate investors deal with tax filing? Do you just hire a CPA/tax advisor before buying your first deal or do you do it yourself to understand legal/tax things better? Also do you have any advise/reco...
Gary Myers
Bank loan offer. How do I read this??
Background: I own 7 properties, total 24 doors. Current loans are a jumble of 4.25-5%, 5-10 years balloons. Total outstanding mortgage balances: $498,000I approached my lender (Local credit union) looking to refinance...
William C.
Cost seg study, but also had major repairs. Best way to handle for taxes?
We own a SFH long-term rental property in Nevada that was placed into service in 2023. We have run a cost seg study on the property and qualify for 80% bonus depreciation. In 2023 we also had a major repair take place...
Troy Maleyko
Working with Investors & Structuring Comissions
Hi everyone - I am working with some investors & found that I am being faced with the problem / pressure of reducing my commission as they say they are going to buy / sell several properties with me & will not...
DeMarcus Hogan
CashOut Refi to purchase another property
Hello newbie investor trying to reach financial freedom. Bought my house with the FHA program. Fixed it up from 148k to 220k value. My plan is to do a cash out refi, possibly take 65k to invest in properties out of st...
Travis Moe
Return on Equity: Check my math
BP Community -Will you all help me double check my math and my assumptions on my current annual ROE? I own 3 properties with the following bar napkin financials:Current Market Value: $1,215,000Current Total Loans: $59...