Herman Wu
Managing out of state properties
Hey everyone!I'm new to Real estate investing and have been trying to learn more and more in hopes of purchasing my first investment property. Initially I was thinking about buying real estate in NYC. However, after r...
Matt Herring
Why can't this property cash flow?
This property isn't hitting the 2% rule but it is a little better than 1%. Purchase price $52K Rent $600.
Why can't I make this cash flow positive?
Purchase Price $50K
Closing costs $2K
Down payment $10K
Financed ...
Jordan Slater
Where to keep cash reserve?
I am meeting with my property manager today to get my first rental on the market! I am planning to build my cash reserve over the next year as I prepare to purchase another rental. Where should I keep my cash reserv...
Jody Young
Determining load bearing wall
I'm working on my third flip and want to open up the living space. How do most people determine if a wall separating the living room and kitchen is load bearing in a traditional rectangle shaped home?
If this...
Dennis Standers
HELOC
Hello Everyone, I am re-posting this question to change the subject from HELC to HELOC so it will hit user key words. Thank you. My wife and I are trying to buy a duplex in our town. We already have a nice SFH that ...
Morris Lucas
Bank-Owned Wholesaling?(REO)
Have many of you had success wholesaling contracts or flipping houses from banks, via MLS or off the banks website? I have heard the best wholesaling deals come through marketing via repeat mail or internet directly ...
Drea Smit
Financing a purchase through LLC
I’m looking to purchase my third single family rental property through my LLC and am not sure how to structure the financing. I paid cash for the first property, then used a combination of cash and an equity LOC on fi...
Nicholas Daniels
Retirement with 3 houses paid off
Hey guys, sorta new to BiggerPockets. Was wondering: Let’s say I can live on ~$17,000-$20,000/yr Let’s say I purchase a $100,000 property and I knock out the mortgage in two years. Let’s say this property nets me $650...
Kash Klafke
Advice on Seller Financing
Hi everyone! I am looking to start investing in multi-family and after listening to creators like Pace Morby talk about how amazing creative financing is, I really want to try and acquire my first property using selle...
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GO Zone Depreciation
Any accountants familiar with the GO Zone depreciation credit? I have done a lot of research on it, but IRS can be somewhat difficult to interpret.
50% instant depreciation could make a huge difference to investors....