Antonio Esposito
First rental property
I'm navigating the process of purchasing a rental property for the first time and would love to hear the forum conversation insights. I'm currently under contract for a rental property in another state. Last night, I ...
Michael Truong
Socal Wholesale/Rehab Help
Hi Socal Investors,I came across a distressed/vacant home while driving for dollars in the southern California (socal), Los angeles county area. I was able get a hold of the owner and he is interested in selling. Howe...
Rhonda Palmer
1st Yr of Taxes as Landlord - Have a question...
Hi all...first year as a landlord and have a question regarding the taxes we are filing.
We have owned the now-rental home for 15-16 years, decided to move and rent out the old house. We have an accountant h...
Brandon Flores
Some feedback on this deal would be greatly appreciated:) !
Hello!I have a 60,000 sq. ft. lot with an old, outdated, and really bad house that needs to be torn down in order to build a new home. The seller is asking 400,000 for the house that sits on the big lot. If I demo the...
Gregory Childs
New Home Contruction
Hey there,
I know their are a lot of variables but, ignoring the cost of the lot itself, do these numbers look reasonable to build a 2,300 sqft home (new construction) in the SE USA market with a target resale list pr...
Josh Ferona
Cost basis tax question
Hello, I recently bought a home for about 30k and the home had about 16k in repairs to get it rent ready. I believe this will be added to the cost basis and the cost basis will be 46k but I just wanted to make sure. O...
Raju Balakrishnan
Investing in High-Cost vs Low-Cost Markets, Which Makes You Rich?
Just wrote this, this is especially relevant for Californians. Would like to know your opinions. https://www.biggerpockets.com/...
Trevor Grogitsky
Which type of loan should I get?
Looking into buying my first house, it's listed at 40,000 with an estimated value of 96,000. I don't know if a conventional loan, an FHA, or some other loan option might be best for me here, I have even debating askin...
Andrew Robbins
Is it less expensive to rehab in less expensive markets?
Newbie here from L.A. Obviously expensive to start flipping here, so considering starting in less expensive markets. Here's what I don't get... In browsing other markets, I often see wholesale listings that need 10...
Heidi Erdmann
First time buyers- Wanting to buy dads home with rehab
Hello!Long story short, my dad recently inherited his parents home after his mother passed. The home is completely paid off. He is interested in selling it to one of his kids for $80k-100k and I believe it was apprais...