Romero Silvestre
Reducing personal expenses to save more over time
Hi everybody! New member and first time posting here. I’m looking to get started in real estate. I am particularly interested in rentals for their long term stability and wholesaling for raising cash. Raising cash is ...
Sarah Donatelli
Deal Analysis, NW Ohio Duplex Rental-Units Occupied
Hello All, I’m hoping to get some advice on deal analysis for my very first (!!!) potential rental property.The property is a duplex 2/1 (first floor), 1/1 (2nd floor). Completely updated inside/out with new mechanica...
Steven Andrews
Raising rents or tenants paying utilities. Which is harder?
Looking at a couple of different possible multifamily properties to buy and two of the properties I'm interested in have me wondering which is best. Property A has tenants paying utilities but the rents are well under...
Andres Alava
Can I invest into real estate with pre-tax dollars?
Hello,
I have heard that it is possible to invest into rental real estate with pre tax dollars. From my own research, it seems that the main two scenarios where this can be done is 1. if you own your own business an...
Chandler Hall
30 Day Notice - Tenant leaving 2 weeks early
Hi all!I am a new RE investor in Cleveland, Oh and just purchased a duplex that is fully occupied. On April 24th, I issued the month-to-month tenant a 30 day notice to vacate by May 31st, 2020 (I need to move into the...
Tim Porsche
What Would Ben Carson's 15% Flat Tax Mean for Landlords?
Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...
Amit G.
Need help figuring out Expenses for MFU
Good morning BP'ersI was trying to analyze a 4 unit multi family property off the MLS listed at $199000 with only 4 category of expenses provided by seller - insurance, water/sewer/trash, electric and taxes. I do ha...
Jake Andronico
Reverse 1031 Exchange - Who has done one?
I have a client in Reno doing two reverse 1031 exchanges and we've been able to secure some great deals putting out some cash offers (both weren't even countered). I'm curious, has anyone else done a reverse 1031 exch...
Jack B.
Exit strategy transaction costs: Expensive vs. Cheap areas.
If I sell just one of my properties in King County, WA, such as my latest house, I'm paying 42K just in realtors costs not to mention excise tax, which would bump it up to 56K. Again, that's just ONE house, and sellin...
Joel Bowen
Understanding how depreciation counts as negative income?
Hi guys, the following quote is from this BP article: https://www.biggerpockets.com/renewsblog/2014/10/2...Could somebody please help me understand this concept by giving a real life/hypothetical situation that makes ...