Hi allI just bought my first house hacking property in bloomfiled NJ. It is a single family home in a legal 2 family zone with 2 floors and an attic. I plan to live on first floor and rent out the second Fl and attic ...
Typicaly how much do you treat your investing like a business? Are you working 10-12 hour days puting in over 40 hours aweek like a full time job OR are you putting in a few hours a day workning less then 20 hours aw...
I am closing on a Duplex in Holt, MI right now. All of the utilities are split separately besides the water. There's one meter. To further cut costs I was considering implementing a Ratio Utility Billing System (RUBS)...
Hi,
I have been looking at a mobile home park deal that seems to have some good upside potential. The property is a 33-unit park (manager lives on-site for free so 32 effective units) with 17 park owned homes, 2 apa...
I own a business flipping vacant land properties so according to the irs I am a real estate dealer and my income is taxed as ordinary income which includes the full 15% self employment tax. I recently found out about...
So I've been looking into a multifamily deal in north New Jersey, where it can be hard to find anything worthwhile that doesn't require a host of renovations. But I've found a nearly-turn-key 3-family (with optionalit...
Hello again bigger pockets people. I just wanted to clarify the rules when doing a cash out refinace.
Buy all cash- no 6 month seasoning required?
Use hard money- there is a 6 month seasoning period?
I’m looking for help with structuring a deal for a 16 unit apt complex. The asking price is $399,000, and the property needs about $52,000 in repairs. The seller is willing to finance a portion of the deal with $100,...
Hello BP family,I need your help on this topic. On my first deal, I used my personal credit for repairs. Based on the ARV - I now have a ton of equity in property - however, I'm having issues getting bank approval for...
My wife and I made the decision to become Real Estate Investors. We are resourceful, energetic and committed to success. Considering this is a new career and market for us we are committed to making the investment in ...