Tora Miller
Detroit
hello everyone I am looking to buy my frist rental property inDetroit and was wondering if there were any one else that plan or own rentals in Detroit that could give me some advice thanks
Brian Hunsaker
Wondering how to minimize taxes owed to IRS from rental properties
We have 3 rentals, and Turbotax says we made about $27k off the 3 combined last year, so I ended up having to pay the IRS $8k. Currently the tenants pay us directly to our bank accounts. Would we owe less if we set up...
Lesley Ray
First BRRRR, Hard Money vs. Traditional Loan
Hi all,I'm looking to purchase my first investment property in Cleveland, OH. I plan on utilizing the BRRRR method and am currently feeling torn on whether to obtain the property with hard money vs. a traditional loan...
Alex Mendoza
Tile Install Labor Cost: 1st Rehab Project!!
Greetings Bigger Pockets! I am working on my first ever rehab project ... all thanks to Bigger Pockets, it's amazing content, books, and all the feedback and input I received from all the members. Never thought I wou...
Sarah Lewis
Early Termination Fees- Have they held up in court?
I'm looking for some protection against a tenant who will break a lease, especially during the winter months when it might take more than one month to find a replacement tenant. A early termination fee in the lease, w...
Devan Mcclish
Closing three deals this month for a total of 98,692 profit
Starting off 2016 in a good way. I am hoping to keep the momentum going throughout the year. Details of the deals are listed below.The first two deals I did with no money. These are great examples of working your netw...
Jason Branum
I need help running these numbers! Big purchase (make or break) 20 unit 2bd 1.5 bath apartment. I have provided the calculator screenshot.
I was given an exclusive lead on a apartment complex purchase and the numbers appear a bit tight. Please help!This is a 20 unit complex within a mile of my house... I'm committing the bigger pockets cardinal sin becau...
Mary Ainsworth
How to pick a strategy: house hack or long distance?
Hi!I'm looking for other people's thoughts on what they think would be a better ROI for me. Background:- 22 years old- living in San Diego (CA)- have $53,000 in savings Option 1: House hack, buy a 3-bedroom condo, ren...
Nick Romano
LOW Cap Rate but GOOD cash flow...Should I BUY it??
Hey guys- SHOULD I BUY THIS PROPERTY?? Thanks so much for the input.I have a property that is an ideal area. Rents are going up and rental market is super hot. Currently rent is well below market. Cash flow looks pr...
Dustin Little
Negative monthly cash flow
Currently I have a home in Alabama on a streamline va loan that I recently refinanced. It is a 15yr loan at 3.25% and the balance is 119k. The nearby comps indicate that I'm about even. I collect $765 a month after pm...