Jared Stokes
Is a cash deal on a rental a loss until I recoup my money?
Basically if I buy a rental house for 75k cash and rent it for 750 a month it will take me roughly 10 years to get my money back. In the mean time is it a loss? I already paid income tax on that money, I saved it in m...
Mel Craig
Good idea to buy home and renting 2 free and clear homes?
First time posting and need some advice on this topic:Currently, my parents (retired) own a house in Phoenix, AZ area that is free and clear that I am estimating worth $300k-$350k. I also own a free and clear home in...
Alyssa Faith
Cash Out Refinance or saved cash
Hey Y'all,
I have owned my home in Jax, FL for a little over a year . There are some renovations I would like to do before I think abt renting it out or selling it.
Such as:
Quarts countertops and backsplash in th...
John W Sheffer Jr
I'm a little unsure about Cap Ex and my first deal
Hello all,So, I have created a spreadsheet for the home that I currently live in and am considering leaving and renting out as opposed to selling. The spreadsheet includes the mortgage, insurance, prop tax, school tax...
Gordon Starr
My first 1031 exchange - has anyone tried including rehab costs?
Hi BP!I have been growing my portfolio of six houses and a duplex by around one house per year and I like to deal in cash with no mortgage. Problem is, I am a bit short on ready cash to continue growing. This forces m...
Robin Cornacchio
Self Directed IRA retirement question
I currently have a home that I purchased outwrite using my self directed IRA. The home is currently owned by my IRA LLC. Once I turn 59.5, can I transfer the house deed into my name directly since I'd be retirement ag...
Michael Dunn
Distressed Property question via " How to make the Deal work " ??
Distressed Property question via " How to make the Deal work " ?? Hi,I need some help please on a likely upcoming Distressed Property that will be for sale , and how the Deal would work The Current situation:The Prop...
Jason Douglas
Looking to purchase first home..Need tips!
Hello, I have been looking to start investing in rental homes. My plan is start with a single family home and build from there. I plan on dong this in the suburbs of Rochester, NY. I was looking for feedback for the p...
Edgar Martin
Sell or Hold? Thoughts or advice please
Hello BP community! I currently have a home in which my initial goal 5 years ago when I purchased was to eventually rent it out. In two months I will have the ability to do so as my wife and I recently purchased a ne...
David Crump
Currently Own two properties with with 450K in Equity.
Hello Bigger Pockets Family,I am seeking advice from all. My name is David and I am 34 years old Morehouse college graduate who lives in Laurel Maryland. I currently own two properties, one is my primary residence wit...