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Hi everyone, few questions, I'm in New York if it matters. I'm in the process of researching to purchase my first buy and long term hold. I'm considering partnering with someone 50/50 to make the first purchase less...
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I manage 150 units across 30 properties in Miami. I work for a single owner. We are projecting to pay taxes on $1,500,000 for this year and $2,400,000 next year. That about $500,000 in taxes this year and $800,000 nex...
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We have Investors from out of state that are funding our flip 100%; home purchase & rehab costs. We are managing the project 100% since they are out of state. What is the typical % of profit split in this type of ...
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We are looking to sponsor what will be the largest deal we’ve done to date. We will acquire a commercial loan and raise the downpayment plus CapX from private money investors.
This will be out first private money de...
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I’m sure most of you have seen the recent article about the BRRRR method. In case you didn’t this is the article I’m referring to:https://www.biggerpockets.com/renewsblog/40000-brrrr-real-estate-investment/?utm_sourc...
I have enjoyed the BP forums and resources these past few months though this is my first time seeking advice. I bought my first MFR deal within the last month here in Chicago. All going very well. Learning a ton and ...
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I bought a duplex last year in Chattanooga off of the local MLS for 58K and spent about 26K doing a rehab on the property. When I bought it someone had hit a brick wall with a truck and the resulting hole was covered...
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Hello,
We just bought a new house, and the one we currently live in we want to keep as a rental. A few questions:
1. The mortgage will be $150 per month more than we can get for rent. Will the tax breaks even this o...
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When doing my analysis of a property, rental income is easily verifiable as well as property taxes, the cost of insurance, etc. However, I'm not sure what figure to use for repairs/maintenance as it can vary dependin...
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I come across multiple opportunities where owners with low equity placements want to sell their home for more or less what they owe on the property. One, in particular, looks like a good place to start with lease opt...