Sasha Josephs
Project Management Tool for Flippers?
Hey BP'ers! Any flippers/rehabbers here have experience with an online project management tool? If so, which one did you use and why or why didn't you like it? I'm looking for one for my team. Right now we are using E...
Brandon Schlichter
Investing in my region - Buy-and-Holds outside your area?
Hi there, I've been working on/toward investment properties for a year now.
I currently manage (And my name is on the mortgages too) 2 properties consisting of a SFH and a 6 unit apartment. Both have done OK with th...
Mark Forest
Pass on cloged drain bill to tenants?
The tenants called me and said the laundry room drain was backing up. We called a plumber/drain cleaner company because we like to get on these things immediately, and I will not be available for a while. The plumbe...
Rachid B.
Single Family Home vs Fourplex
Hello everyone, I have an investment SFH property in Houston that's bringing me $1600 a month. $5000 annual tax, $300 HOA annually, $1400 insurance, low maintenance fees. $75k equity. mortgage payment $571 but I have ...
Becky Hoffman
How do you save for taxes?
Do you open an account to escrow your tax costs or is there another way? I'd rather not have to open another bank account if possible.
Paul Ho
About to make my first jump. Go for it or nah?
Deciding to go for this deal for a rental use.Still have no agent to represent me for this as this is my first deal approach. Duplex 4BR 2BA eachListed Price: $99,9002 Tenants currently renting $800 & $750So using...
Alex Bernth
Taxes on cash flow
Hello everyone, I hope y’all are doing well. So since rental cash flow/income is taxed by the IRS, would I be able to use my renovations cost as a tax deduction? Therefore it’s seen as a loss similar to if a property ...
Ariella Sherman
Is this an OK first deal?
What do you think of this deal? $1,100,000 for a 6 unit multifamily, newly gut rehabbed, in Chicago 60645. Rental income is 9000 + 400 for laundry and parking. Expenses are 2834/month. This would be my first deal. It ...
Ryan Meggison
What’s your underwriting criteria?
I’m interested to know what everyone’s underwriting criteria is…Cash on cashIRRDSCRExpense ratio1% Rule2% Rule50% RuleEtc.Basically how do you want to write a potential multi family investment property?I’m aware there...
Matthew Ewald
Writing tools off on my taxes?
What's up Bigger Pockets?Just a quick question for you. I am doing my first fix and flip investment and I'm doing the rehab myself. Can I write the tools that I buy to use in my business off on my taxes?Thanks in adva...