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Hello there, we have been thinking of flipping a house for a long time. Well we finally have a property and the finances to be able to flip this house. Just like any flip we need to keep our costs low to ensure we t...
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I'm curious as to some small details in running numbers some of you do.
I've been running numbers in the BP buy and hold calculator versus another speadsheet an investor gave me. They both are very helpful an...
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I am looking to buy a three family in Newburgh NY in the Hudson Valley. I am looking at one in particular in which the current taxes are about $4,000 (based on an assessment of ~$105,000). The home sold as a foreclosu...
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Hi, I'm just starting out and looking at a property in the 2 mil range with 10 units. It is a historic building in a Class A+ neighborhood. The property can pay the mortgage and opex, but doesn't provide any return on...
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I am in San Diego area. I don't see how the 2% rule can apply to california. The housing here is very expensive. Even at lower value property area. Say the average house there is about $500k, and the rent average ...
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I am currently vetting a 4plex that is made up of 1 bedrooms. Historically speaking, I have found 1 bedroom units to be a bit more difficult to rent out. Has anyone else found this to be true? Should I shy away fro...
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I need a better way to project income and expenses. I have a great spreadsheet to track expenses and rent coming in. I'm looking for something similar to project future numbers. For example, if I have $5k in a bank ac...
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Hello BP!I'm having a mental moment I thought the kind BP community could assist with! I recently sold my first property (I've historically been more of a buy and hold kinda guy), and I'm struggling with the QB journa...
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Working full time while attempting to invest. If my goals are to leverage RE for financial freedom, should I still max out retirement accounts?
1. Roth 401k vs 401k?
2. Open a Roth IRA as well?
Trying to figure out...
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Has anyone gone through the process of applying for the tax credits associated with renovating in a historic district? Question I have: 1) How difficult was it to renovate to the historic architectural standards?2) Di...