Thomas Daly
Excel Practice NJ Deal Analysis
Hello - I am still about a year away from having enough capital to purchase my first investment property. Until then, I have been reading as much as I can on this site. I still do not feel I am to the point where I ca...
Ondrece Love
Tax lien issues in Texas
I'm wondering if anyone has come across the issue where the a property was purchased at the Sherriff's tax sale in texas and there was a first lien on the property in which the lien holder was not notified by the firm...
Judy Murphy
Tax benefits of separating rental income from pet rent?
Hello everyone. I have 3 rentals, one in Anchorage Alaska, and two out of state. With all three, I have Pet Rent. My property manager in Anchorage separates the pet rent from the general rental income on every stat...
Ather Taqui
Single vs multi-member LLC for husband/wife in non-community property state
Hi everyoneTrying to set up a LLC for our first rental property in NC. I wanted to keep it simple and form a single member LLC. Wanted to form it with both me and my wife. From my research it appears that I cannot use...
Brandon Komp
using IRA to buy real estate
Hello BP members!I've listened, read and debated a lot of material about using retirements funds in a self-directed IRA to invest in real estate. The rules seem really cumbersome and complicated, and since I'm still f...
Tariq B.
Insurance Killing My Deal
Hey All,I have a 4 unit deal under contract. It's two duplexes on one lot. purchase price $219,000 taxes $2500 and net rents 2250 a month. It is what I feel is an OK deal. But what is really making this deal look sour...
Anthony Sifuentes
Why would a seller want to do seller financing?
I know that seller financing is the perfect option for some sellers, but what are some reasons that the seller would be interested in it?
Nicole Parnell
Capital gain tax on selling real estate in 1 year
What is the % of taxes I may be subject to pay on a property I lived in for 366 days then sell at a profit? I'm getting mixed responses on this. A real estate agent told me 25% of the gain. A lady on biggerpockets for...
Daniel Soovajian
Question about closing costs
Hello!I have a question about closing costs...I've reached out to 4 lenders and secured pre-approvals with each to compare their rates, fees, etc.For a 25% down payment with 1 point on a $200,000 investment property, ...
Walmsley Gedeon
Is this a good deal?
First I would like to thank everyone on BP for giving me the courage to even try this.
Ok so I wanted an opinion on a deal.
Asking price: $170k
Rehab: $65k estimated but I think it will be a lot less
4 family
Irv...