Good evening BPers, I’m sure everyone has been tuned in to things like the Stock market, crypto , tech millionaires & Real estate of course. I can’t help but to see the large amount of self proclaimed veterans in ...
The more I get into this, the more appealing it sounds, but I'm still cloudy on some concepts. This is regarding balloon payments.So say you and the seller agree to begin this transaction and are discussing the type o...
Can you please help me figure out trusts?
1) Trustee is the person who owns an assets and deeds this asset to the trust. Correct? So for simplicity, lets say there is a single family house that is paid off and it pro...
Investment Info:
Single-family residence fix & flip investment in Kansas City.
Purchase price: $50,000
Cash invested: $3,000
Sale price: $50,000
ARV of $125k-$130k
Rehab costs of $25k
...
Hello! My mom owns 5 rental properties. She is telling, me since her and my stepdad make over $150,000, she cannot utilize tax write offs until they sell the property. She is claiming that the write offs will be used...
Investment Info:
Small multi-family (2-4 units) commercial investment investment in Superior.
Purchase price: $193,000
Cash invested: $50,000
• Duplex purchased in 2018
• $50k down, 30 year term
• 19...
I've been looking at home prices for a number of months now and it seems that prices have gotten out of hand. Everywhere I look online it shows that the next few years are projected to keep appreciating, but isn't tha...
Hi guys,1) Do I understand it correctly that if I owned a property for 27.5 years and cant claim depreciation on that property anymore, If I refinance, I can start claiming depreciation again? Or2) If I sell this pro...
When doing a kitchen renovation would you recommend buying the kitchen cabinets yourself or having the contractor do it? If you have the contractor do it then it seems like you are signing up a contractor, they order...
Does anyone know anything about retirement home/ assisted living investing?