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Hey guys,
I feel like Ive always struggled with depreciation concept...
So, Ive been googling it, and here is what I found:
Let’s say you buy a single-family home for $200,000. The tax assessor’s estimate of the la...
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I've been building single family homes for a couple of years now. I now have lenders that are willing to lend to me. I plan to finish 10 houses within the next year. I am reaching the point where I can no longer manag...
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I realize this is a totally subjective question but I’m going to ask it anyways. What’s the magic number for single family homes? How many is too many? How many for maximum efficiency? What’s the most you could self m...
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This is my first post after signing up about a year ago. Peter from San Antonio. I work on the border in Del Rio, so I split my time between cities. Wife and I are getting ready to make first major purchase and I want...
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Dear BP community,I have a dilemma having to make a decision between two option from a syndicator, fellow BP member.In 2016 I partnered in a syndication deal with fellow BP member. I invested $ 165K from IRA to buy a...
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Hey BP community!I am hoping in the next week to go out and look at a few properties. I have found them from various resources ie, agent, zillow, redfin, ect. So my first question is, from the online listings not ev...
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I recently received a text note from one of my longer term tenants that the black bugs are back. She sent over a picture of a house centipede that were able to catch and before I get into a conversation with her abou...
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The “WHO” of your life and business is a vital point for you to consider regularlyBusiness is about more than making money. In the end, it’s about people. People are the “WHO” that is behind much of what your business...
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I’m in an interesting situation and would appreciate advice.I hired someone to install vinyl (I’ve learned since that LVP is best) planks in a rental. I paid A LOT for labor (around $2,000 for 400 sq.ft. area). I woul...
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Hi All,
I'm trying to get a better idea of IRR. I'm not trying to figure out how IRR is calculated, but I'm looking to understand what that means in terms of returns.
For example, I had a conversation with someone ...