Hi all,I need some advice please. I am looking to do a cash-out refi on my single family rental property that I have owned for a year now. The interest rate is 5.25%. The balance is $68,300. The cash out amount will ...
I have been looking at multiple properties and valuing/ analyzing them to get comfortable with the process. I may have a potential good deal on my hands however, I want to know if I should pursue it?
I'm cur...
What is the "trigger" for being able to claim depreciation on a residential property "investment":
Is it investor status (vs dealer) ( assuming intent coincides with status)
Length of hold (like tax rate)
Whether you...
Hi BP World,I just walked my first property by myself and deciding if I should put in an offer for this space. If you are willing to look at my numbers for my 1st first potential flip, I’d greatly appreciate it. If ...
So after looking into REI for over 3 years, spending on education well over $10k, I think I am finally ready to take on Colorado real estate market. I think what I am is what you would call an extra cautious flipper. ...
Hi Everyone,I don't know why I always get nervous when it's time to pull the trigger...several years and purchases into this thing. Anyways, please take a look at the numbers for my newest deals I plan to close wi...
I've been looking at multifamily homes for the past few weeks with my realtor. I have found one that peaks my interest. The location is good, rent is solid and price is decent. My next step would be to make an offer a...
I am envisioning myself with single family rentals, a multiplex, or complex in the next five years..Here’s the thing. I’m in this mindset that I should be saving money until I “have enough”. Is this the right strategy...
Hello OC Fam from BP!Before you call the cops, this is a metaphorical question to buying now or waiting for the market.I'm a small fish trying to understand when is the best time to buy, and as history has its economi...
Hi all, not sure if there's a clear answer to this, but just curious to get your thoughts.I have a steady cash flow at the moment where I can save a few thousand/month. How do you guys decide whether to purchase a pro...