Mark Ham
Structure depreciation required or optional?
So i understand you can record the structure portion of the property as depreciation as a paper expense. But do I have to? I expect the cash flow to be so small that taking the depreciation makes no difference. If ...
Morgan Reinart
Contract for Deed - Can a list it as a Lease Option?
I've recently purchased a new investment property through a seller financing/lease option hybrid. Here are the details; Purchase price: $60,0003 bedroom, 1 bath2 car detached garageFinancing
$5,000 down payment0% int...
Account Closed
Help had investor completely lie to us when we bought property
So we bought a property in Cahokia, IL. It was our first deal and we were so excited. The investor said it was completely remodeled and had a tenant in there under property management. The place turns out is not up to...
Brandon Mull
HELOC - Purchase Fully or 20% Down
I am new to investing and new to BP. I live just outside Charlotte, NC. I have an $80,000 HELOC. My goal is to obtain single family rental properties ASAP. I am having trouble deciding between buying the first hom...
Will Deuter
LLC, DBA or just GO to start?
Hello BP!I know there are a ton of posts regarding LLCs and DBAs for starting out, but I want to spell out my thoughts here for some advice...I want to use a website for my marketing side of things, but I would like t...
Kelton Johnson
How to Buy $55k property in cash?
Hi guys, I'm currently looking into a deal in a low end part of Dallas where a 3 bed 2 bath SFH is on the market for $55k. The current tenant pays $750 and the rental comps support it raising to $850-$900, along with...
Alan Cassidy
Land lord threatened to sue
I just recently purchased my first rental property , a two family home in Cleveland Ohio.Due to the above I will not be resigning my lease and will be out no later than April 1st, ideally middle of March. I will natur...
Erik Peddle
What am I missing? The 70% rule seems absurd
Hey everyone, The 70% rule seems absurd. If the contract we have goes through on my current flip I should make $69,000 in profit on a property that came out to an 85% ARV-repairs. What am I missing? Teach me please...
Robert McGreevy
Looking to buy but when? And where?
Hey ya'll,
I’m looking for some general advice here on what I should do, I want to buy my first property here somewhat soonish and I’m trying to determine whether to pull the trigger ASAP or if it’s better to wait, a...
N/A N/A
Tired, need help
Over the last few months I have purchased two courses on investing in real estate and now I am ready to move. I'm tired of working for others and want to eventually do this full time. Not being a big risk taker I nee...