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Hello, I am a new member to BP and currently saving up to invest in real estate with my cousin as a partner (also currently working on getting my real estate license). We decided on renting out small multi-families to...
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I saw a perscope by Cardone titled "Real Estate Warning". His attitude is that everything is priced to perfection, which never happens. For an ever-happy Cardone, his scope is quite ominous...If you tell me where you ...
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Recent tenant eviction, although they are rare in my world, they do occur once in a while, this one was like no other one before, tenants of (3) years, stopped paying the rent, we had to evict the tenant, the tenant m...
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I've seen so many forum posts advising NOT to give any money to contractors upfront - because so many people have been ripped off by contractors. I've seen many responses from contractors, saying they've got to buy ma...
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I have an applicant for a property in Anchorage, Alaska that is wanting to sign a lease for a family member that is an illegal immigrant. The individual wanting to sign the lease is unable to provide a completed appli...
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Hi BP. I’ve heard a lot of real estate investors, including Grant Cardone, say that buying a home is one of the worst financial decisions you can make. What is everyone’s thoughts in this matter?
I know that house ha...
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Are we going to have a recession this year? Historically, every time we see low unemployment it is followed by a recessionNow we hit a 17 year low for unemployment rate, so what does that mean?So will it happen? Wha...
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Hi Everyone,
I'm under contract on a 4BR/2BA home. It's very clear that I'm under contract at market value price. 147,500. However, it will rent for $1,500/month and taxes are dirt cheap.
It is also entirely renovat...
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We're newbies...go easy! :D
We're about to buy our first investment property, a duplex with excellent income. It has been on the market for 200+ days.
We're making an offer soon. Is there a rule-of-thumb for t...
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...