Nick Pacheco
Student Debt 60K, have 30K to invest, need advice
What would you do? Ideally, I would like to buy a duplex or a SFH 3/2 20% down using a conventional loan. Would you say pay off the student debt first or pay it down more?Any tips? Further comments are much appreci...
Matthew Tally
First Property! Owner-Occupied Duplex. Looking for feedback…!
Hello Everyone,I recently purchased my first investment property, which is an owner occupied duplex. I am seeking advice/thoughts regarding this investment. How did I do? What can/should I do for better margins? Wh...
Chai Jonn
HELOC on Rental Property in Phoenix
Hello All,I have significant amount of equity built into a Investment property SFH in Phoenix. I was wondering what are my options to use the equity for downpaynent for another rental house? I hear HELOC, HELOC intere...
Clara Brashear
How can I increase the asking price of a rental property?
I want to buy a property to rent out. I am curious in what ways can I fix/upgrade a home to increase the asking rent price? What about upgrades that will increase the homes resale value? (Adding a room, different upgr...
Christopher Guerriero
Completely Random Property Taxes
I own three houses in Ewing, NJ. The property taxes are high like all of New Jersey, but what confuses me is the lack of a standard property tax rate. The three tax assessments, taxes, and effective rates on my houses...
Brett Stander
Landlords: Should I charge for utilities?
Hello BP members, I am diving into the numbers for some potential deals, and I am looking into whether I should charge for electric/utilities. Currently, my CoC return for year one is a little over 2.4%, with a conser...
Steeve Breton
Should I go with Creative Financing vs. Bank?
Hi All,I may be looking at my first Creative Financing deal. I have an offer accepted in the Boston area for a Mixed Use 4 unit building. I have a couple of commercial lenders willing to work with me. Alternatively,...
Peter Turner
Landlord insurance less expensive than homeowner's?
I got a quote with Nationwide who has my homeowners.
They are selling me a landlord insurance for $580.
This insurance covers the Dwelling for $135k, Extended coverage (not sure what that includes) a...
Ariel K.
Tax on real estate income
I just have some general questions about taxes on real estate income:1. If I turn a profit on real estate, what tax rate would I pay? Long term capital gains? 15%? 23.8%?2. Is there a way to always avoid taxes even af...
Chance Cooper
Pros / Cons to cheaper rentals
Has anyone ever purchased cheaper 40k to 50k homes vs. Higher end turn key properties? If so what are your experiences and recommendations.