Richard Townsend
Question about BRRR strategy
Here's what I don't understand about the BRRR strategy. I purchased a house for $100,000 a couple years ago with 20% down, and now it is worth about $180,000. After all expenses it has positive cash flow of about $100...
Philip C.
Am I a "Business" or "Investor" for Tax Purposes?
Hello,According to NOLO's Tax Deduction Guide, the waters are somewhat murky when determining whether a rental property owner is a "business" or "investor." I own one out-of-state single family residence that has ten...
Clint Brown
HELOC For Portion of Down Payment
I’m looking to purchase my first investment property and am targeting SFRs or small multi-family. I don’t have the capital for the entire 20% down so I’m considering using a HELOC on my primary residence to fund a po...
Account Closed
Depreciation and Capital Gains on a Primary with rented Bedrooms
I purchased my first SFH home this last year that I have moved into as my primary and I am renting out the extra bedrooms in the house. I have been trying to read exactly how renting out the bedrooms will effect my ta...
Jeff Lee
Gift Card Resellers (Cashpool/Cardcash.com)
Does anyone have any experience purchasing gift cards from either Cashpool, Cardcash, or anyone card reseller?Resellerratings.com gives Cardpool a 1.5/10 and Cardcash 4.67/10.Buying Home Depot cards with -12% off the ...
Kevin Darrell
New to real estate investing. Was looking at out of state investments as a recommendation from a friend because of the cheaper price of properties.
Hi everyone, my name is Kevin Darrell and i'm from Long Island, New York. I initially came upon Biggerpockets.com while trying to find some background on a company called Strongbrook that a family member approached me...
Robert Willard
LLC Purchase with IRA funds.
My wife and I are using some IRA money to invest in real estate. We will set up an LLC when we create the new IRA and run our Real Estate into that. I reached out to my mortgage guy to run our plan through him and h...
Sateesh B.
Tenant wants me to replace the jetted tub with a plain tub
One of my tenants is pestering me to replace a perfectly working jetted tub with a plain tub, she is quoting that it is tough to clean and due to that she is getting fungal infection and quoting medical reasons, Plumb...
Antonio Cordova
Newbee, wants to invest in Atlanta
Hello Everyone.
I am from NYC. In my experience it's been very difficult to invest in the New York area. I am new to branch out, investing out of state and Atlanta is looking really interesting to me. I am looking t...
Bradley Pickens
Thinking of changing careers
Hello everyone,
I am currently considering changing my careers and would like some insight on being/becoming an agent. I have a few questions and would appreciate any feedback.
1. Is it possible to be a part time a...