Loubert Jean Philippe
Cash flow is Negative
hi, if I'm house hacking and my cashflow is negative 300 is that a deal I should consider for a newbie?
Kevin Moules
Write off or not to write off, that is the question!
Hello BP!Wanted to get your thoughts on write offs for your business and whether it is worth doing? This could apply to a real estate business or other small business. Basically I jumped off the deep end and quit my W...
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...
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...
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...
Andy Hughes
Tax Write Offs On a Flip
For those of you in the flipping business. Can I pay myself for work done on a flip? I am looking for tax write offs to help reduce capital gains for profits made on a flip purchased in late 2016- and sold in early ...
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 ...
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...