Luke Instein
First Time Home Buyer Advice
HIHello, new to BP here! I just graduated from college and have been absorbing as much information as I can. I have a full-time job and have just been approved for a loan. I just want to know if I am making good decis...
Emmanuel Sesay
Closed on Condo as Primary Residence But Moved Out Of State
Hello,
I Recently closed on a condo in Chicago but also moved to out of state to Indiana for college. I want to rent out the condo but I secured financing as primary residence and First Time Home Buyer. I want to re...
Dustin Miller
Capital Gains Tax Question
Hey guys,I have just got an offer on my first fix and flip! It was a full price offer that sold in Lexington, KY after throwing it up on Zillow as a FSBO. It was listed on Friday, and sold that following Monday for fu...
Jared W Smith
Property Analysis - Rules of Thumb
Hello all, I am constantly running analysis on prospective properties so I familiarize myself with the correct metrics, terminologies and what a deal actually looks like. I know there are several rules of thumb that I...
Nicholas Wood
Would you buy this 12 unit deal?
Would you buy this deal?I'm located in WV. 12 unit fully occupied (6 storage buildings on the property as well).4 units are 2 bedroom 1.5 bath, 8 units are 2 bedroom 1 bath Location for this area is B+/A-Total rental ...
JP Desmet
Should I buy this property now or wait?
Hello all, I currently have the opportunity to purchase my mother’s home with significant equity in the home. Essentially paying $120,000 for a home that has an ARV of around 240-250k. I will be living in the house fo...
Umar Farooq
Need help evaluating a condo to buy or not
Good afternoon guys,I need your help in evaluating a deal. It's a 2 bedroom 1 bath condo with a half finished basement. Assn fee is 180Property taxes 200 Insurance 75Vacancy 125 Maintenance 150Capital expenditure 100P...
Tom Tran
Tax implication on a sale of an apartment building?
Hello fellow REA investors,Can anyone help me answer the question below, I know this should be ask an Accountant, but I just need some general ideas of the tax implication. Here is the scenarios:1. We bought an apt bu...
Navid Sadighi
1st Time investor need help on 1st lead
Hi everyone,
I’m a first time investor in So. California. I have a possible deal that I’m looking to put an offer on:
SFR: 3 bd 1.5 bath
Asking price: 310,000
Comps: 307k-345k
Rent: found two homes that rent at 1900...
Michael Camden
Mechanics Lien ? - Missed Completion Date
Hi All,
We're currently flipping a property in Texas and are at the end of the process. Our Contract with the contractor called for a specific completion date, and we agreed on a cost per day reduction in the contrac...