I’m 17 and will be 18 in two months. My first goal into to real estate is to house hack a duplex or any type of multiplex. My plan right now is to save 400 every month for 4 years I’ll be 22 and I’ll have $20,000. I’...
Hey everyone,
I'm currently working on a remodel which I plan to BRRRR. I'm wondering if you do your cash on cash return estimates considering a cash-out refinance. Meaning if I refinance and say I take out the amoun...
I’m a bit confused on how to get a seller financing gig. I am trying to take the “no money” approach since I’m lacking the funds, but have found 2 great deals where the owner wants to sell himself, and needs some slig...
Hello all. Hoping some folks can give their two cents on the spreadsheet I built out and advise on any errors. The specific section of concern is the 10-year holding period summary.
This example is demonstrating buyi...
I'm trying to bring together a deal and it made me think of a potential tax question. I'm putting together a deal to buy a property in foreclosure. The property is an estate and there is a small mortgage in foreclosur...
How much reserves do you all keep and where do you keep it? 6 months payments and X amount for catastrophic repair situation? Obviously then more sitting aside not really in play the less your portfolio is growing, bu...
I am working on my financial model and came across depreciation. I found IRS Publication 527 to help with this. However, I was wondering if anyone had any specific examples of dividing the value of the land and buildi...
BP Family,I've come across a deal that's in my farm area that I'm having trouble figuring out my strategy. Hopefully you can help me out.The property is located in Newark, NJ 07105 (Ironbound). This area is known for ...
I am vaguely familiar with this term, though it has never really come into play in any of my deals until recently.
Can somone please give a quick overview of what the DCR actually is used for and what percent a bank ...
I'm new here and I'd like to know if I apply for a business loan and the business goes south, if I file for bankruptcy would that affect a rental property that I might have under a seperate LLC?
To be clear the 2 bu...