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I just paid off a rental property in Chicago. It's worth about 500k in equity. The rental is giving me about $3,900 rental income a month.I dont have another property. I had a second one but sold it in 2024 and invest...
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Purchase price $185,000. Would offer $195K with no inspection. Using business line of credit @4.25%. Pay for a few years with line of credit then get a business loan for the remainder. $50K down from savings for do...
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Hi All,I have a buddy that just got out of the military and we plan on partnering up to do a house hack deal in San Jose. We were thinking about getting a duplex, renting one side out, and airbnb'ing the other side. ...
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Hello BP community,I was hoping for some insight regarding budgeting for maintenance, capex, and vacancy for a SFH in Shippensburg, PA. This is my first rental, so I am a newbie. I have read that a popular rule is 5...
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Hi all,I just read this related topic on tax implications of Subject To: http://www.biggerpockets.com/forums/51/topics/1303...My question is what are the tax implications of seller financing that is done via the creat...
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How do you guys keep track of your portfolio financials? Cash flow per unit, how much is left on mortgage per unit, etc. Lay everything out in Excel or do you use an app?
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I recently did a cash out refi on an investment property to pay off the line of credit I had used for the downpayment on said property.I have about $5k in funds left over, and I'm trying to figure out what to do with ...
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I've come to the conclusion that Buy and Hold is not for me and I'd rather invest my money into a syndication and let someone else do the heavy lifting. I just want to receive a paycheck! Can anyone recommend any syn...
I just recalled that when in NYC i needed(?) to use an attorney to close on my long-term multifam flip (usually at 2 yrs owned/lived in) and usually the first words out of lawyers mouth was 'why don't u do a 1031 even...
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Hello fellow BP folks. I’m finishing up an extensive four unit remodel and I asked my accountant about which specifics I need for cost segregation she said ‘what is that?’ I then asked how much RE she owns.... you see...