I got a call the other day from a cost segregation firm. He estimates that I can use bonus depreciation to get effectively $900k of depreciation in the first year. This is due to taking advantage of bonus depreciati...
Hey All,I have a property in Memphis Tennessee that I am looking to purchase. It is 168 units. I negotiated with the seller and he agreed to do the sale for 450 thousand dollars cash. My goal is to have the apartment ...
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I'll keep this short. I bought a property from them for $85,000. After I bought it the property appraised for LESS THAN HALF that amount. On top of that they promised a "fully renovated property" - then a few years la...
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I am new CA wholesaling and I have been researching for 3 weeks (reading, podcast, taking notes, etc) due lack of a REIA in So Cal. (los angeles too far as well as orange county) I would like to partner and do a profi...
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This is my first flip and I think it turned out great, the problem is I can get it to sell. I have done "for sale by owner" and now with an agent. Had a bunch of showings when I started with the agent but it has ...
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I love Bigger Pockets. The site and the podcasts have been responsible for my success, be it limited, in my real estate endeavors. The recent podcast advice stopped me in my tracks as I have started to really questio...
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Hello, BP Community,If you have a Solo 401K w/ $100K to invest, how would you invest it, or what are you currently investing in with your Solo 401K? I am considering investing in a small rental property and paying cas...
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What's up with all the low income, cheap property "deals"? "I bought a house for $30,000 and rent it out for $700! I'm going to make a great return!"You are completely neglecting future CAPEX. What happens when you ne...
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To any LLs who rent to people who are working class but pay their own, unsubsidized rent: be advised that you should build up some cash reserves. New England Journal of Medicine just published a case report of the di...