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Help! My offer was accepted! Going in I knew this particular property had structural issues. And I had inspected the property with my contractor. He had quoted me with the more expensive method of repair and we took t...
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This is probably a very commonly asked question, "Show I rent out my house?". In 4 years I am planning on upgrading to a bigger house. I have a solid 3/2 house in a town with 2 colleges.
I am thinking about using a...
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Hi for those of you who do major value add apartments how do you expense most of these things. I've heard on first year purchase you can expense 100% or some say only 50% for bonus or accelerating depreciation?Sectio...
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This goes to the heart of RE investment. The first step in investing is the ability to manage your money properly, so being able to save a portion of your income is key for the financial house to be in order. There is...
What are some way I can become a good networker? Meaning how can I find good contractors, good lenders, good law firms and so on? Also what are some tips to not spending more than I profit on these choices? Will peopl...
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Hello BP members. I am currently in the beginning phase of getting a direct mail campaign going targeted at 2-4 unit properties in my area. My goal is to find a property that my family (myself, wife, and two babies) c...
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Hi BP Community! First time posting. I'm curious to hear what people think about using your own cash vs going out and getting financing.A little background on myself - I'm 31 years old living in downtown Chicago. I've...
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Is there a number you guys use for monthly rent to income ratio when evaluating prospective tenants? I was told gross income should be 2.7 times monthly rent.
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Does anyone have experience buying a pre-construction home that has known leak or mold issues? Leaks have occurred throughout the construction period even after drywall was installed and builder had their mold remedia...
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We are new here, try to do bonus depreciation.I have high w2 income, My wife has a w2 income of about $100k. She has the agent license, actively manages 10+units and several flip projects per year. Her time in real es...