Hi,I am a R/E investor that is seeking the community's thought on the following tax related questions. Please feel free to chime in and provide your two-cents. Appreciate any help in advance.Background Information: I ...

Considering buying my first condo to use as a rental and I want to make sure the numbers I'm using are accurate. The source I've plugged my numbers is from an online website. The numbers are based on MLS listing, simi...

Hello all - I stumbled upon BP by accident while trying to find free information instead of paying some guru for it.  I LOVE BP! I feel like it has opened my world a bit and makes me super excited about future possibi...

How close do you expect the asking price and ultimately the selling price to be in relation to the county assessed value of land and building and what are the factors that create the difference between those numbers? 

Hello Guys,can you help with reviewing deal please?2 units - 1 bd, 1 bath; 2.5bd 1 bath4009-4011 Ivanhoe Ave,Norwood, OH 45212 Price219000Downpayment 25%54750Closing costs (3%)6570Fix10000Total cash needed71320Princi...

I was messaged by someone interested in renting my duplex. Not only are they looking to move in “immediately” (red flag) but they also stated they have a service dog and another small dog. My listing and lease both sa...

Hi,I am a newbie when it comes to LLC creation. Here is my scenario and the need to do it-"One main LLC is buying a few acres of land as investment next month. After conversations with main LLC folks, me and my 4 rela...

What are the caveats and how do you structure escrow accounts for property tax and insurance?

I'm selling a home that I own free and clear. I'm creating a new 30 year note, contract for deed. My buyer is finding t...

Once you have a tenant in place:

How often do you do inspections?

Do you include inspection info in your lease agreement?

How do tenants handle an inspections?

What exactly do you look for?
...

Living in Gainesville, Florida the 2% rule is not common at all these days. Here are the numbers for this home 3bed/1bath with nice shed, fenced in yard:purchase price $60,000 CASH (seller pays closing)square feet 104...