Hi, BP

I am interested in a newly built 4-plex (2013) in Texas. Here are the numbers:

Purchase price: $447K
Downpayment: 25% (111.25K)
Monthly mortgage payments (4.75% mortgage): $1749/month
Tax...

If I live in my second home for more than 14 days out of the year (second home), what does this mean for all other income I received for STR for the year? How is this income taxed? Thank you

Hi BPers, So this is one of the many possible REI I'm pouring over before finding my 1st deal and taking the plunge. I'm having a little trouble coming up with an offer Price.  I'd like to get some feedback on my numb...

It’s 2021! I set goals for myself to purchase 2 properties in 2019, done. I set goals for myself to purchase 3 properties in 2020, done. I have goals to purchase 3 more properties this year. I’ve faced some challenges...

Let's say I was an LP on an apartment complex that sold this year and while answering TurboTax's questionnaire, it asks for two very fundamental bits of information - the Adjusted Basis and Final Sale Price.  As basi...

Hi,I own a 4 family house where I lived there for more than 6 years. Then moved to another state in the past 1.5 years. I want to sell this house and it’s 1.4mm. The purchase price of the house was 700k and has around...

We are currently in the process of purchasing our first investment property, (cash purchase). It is an old farm house on 9 acres. We are dividing it into 3 acre tracts and keeping the house and 3 acres for a rental. O...

Hey guys, does anyone know, if 2 or 3 members are in an LLC and one member of an LLC passes away. Lets say there is a house in the LLC.How does it all work out then? Do the remaining members have to go through probate...

I'm looking for a good, reasonably priced cost seg consultant. Any recommendations?

My portfolio is comprised of 4-plexes (4 now, and likely 5 more before year end) all in the same area.

Thanks!

Hello Everyone Thank you for reading my post,
I am wondering what percentage monthly, you guys allocate towards expenses such as vacancy, maintenance, and repairs. When you are looking at new properties. Thank you.