Darius Wade
Could use some House Hacking tips for a new real estate investor.
I am currently in the process of acquiring my first buy and hold multifamily property. My cash on hand is not enough to pay the 20% down payment for a loan so I have opted to put 5% down with a conventional loan. I ch...
Scott Polisar
Opinion re pricing a house that has been demoed to the studs vs pre-demoed
I have a house in Brooklyn NY that had flood damage. After a week of demo, the interior was taken down to the studs. Before demo, I had (still have) two direct buyers (not investors) who had agreed to my price as lon...
Julio Gonzalez
BiggerPockets - Tips on How to Avoid an IRS Audit
When most of us think of having the IRS audit us, we get anxious. Audits can be very expensive, invasive and ultimately time consuming. Some audits are inevitable. However, there are multiple preventative measures tha...
Nupur Kohli
Buying first investment property for rental
Hi everyone,I am new to investment . I am looking at buying investment properties in and around Sacramento, Antelope, Roseville area. The idea is buy a property as a long term investment..Looking at houses in 500-550...
Ani Mohan
How could you get more transparency with your finances?
I'm fairly new to this forum. I'm trying to get a better handle on my finances and am especially curious to see where all my money is going. I've got a few questions for this group:(1) Where do you believe you could u...
Al Williamson
What's You $100 Expense Reduction Tip?
What can a buy&hold guy do to shave an extra $100 off monthly expenses without taking on additional work for himself? Tips I've gathered so far are a combination of the following: challenge property taxes, shop fo...
Alex Hamilton
Do I have the proper understand of Master Lease Agreements, and Holding Cost When it Comes to Offering my Property for Sale ?
I'm at the point of closing a real estate transaction with 4 buyers forming an LLC to purchase, some apartments we are converting to sell as Condominiums. To be fair, I have eight people wanting to move forward, and...
Natalie Allen
Insurance claim on stolen ac units to cover mortgage payoff
I have a duplex under contract & during our inspection period we found replacing the two ac units would be much more expensive than expected. The sellers offered to submit an insurance claim for the stolen ac uni...
Grant Doyle
Making the bank handle your flood insurance?
In last weeks podcast @Brandon Turner mentioned he had a friend that would purchase flood insurance before closing, then once the deal closed he would cancel the flood insurance. This would force the bank to find an i...
Joe Ferguson
Converting 4-Plex to 5-Plex?
Hey BP, I am looking at a 4-unit property that has 3 smaller units about 500 sqft renting for $650 and one massive unit about 1700 sqft renting for $1200. I do not like that one unit is almost 40% of the income which ...