I keep hearing that while you should be cash flowing positively, you should be showing a loss on taxes for your rentals. I've deducted every repair, interest, tax, insurance, depreciation, etc. that I have put into th...
How do I structure the offer asking seller to finance the down payment? I qualified for a mortgage (excellent credit; solid W2 income), but don't want to use my own money for down on 2nd home. Seller has $175K mortg...
"Creating an aesthetically appealing rental property is essential for attracting tenants and increasing property value. From stylish interior design to modern amenities, every detail plays a crucial role. In this blog...
I'm been a homeowner since 2011, long story short I got way too much house (2500 sq feet, 4 bedrooms [to house a blended family], etc) for my income at the time, and the legal issues I had shorty after closing didn't ...
Hi Guys,
I've recently received quite a bit of money from my equity investments but I'm looking to venture out into real estate.
I have no idea where to begin! I've looked up some information on YouTube and I re...
Appreciate the help and advice as this topic moves along. A little long however figure the more info you know the better tailored your advice can be.What I've got so far. I met with a local gentleman who started inv...
I got a property under contract today. ARV is $190K. Seller owes $187K. The loan is 5.1%, 30 year fixed, PITI of $1,249.51. Long term tenant paying $1,675 and all utilities. I purchased the property subject to the exi...
Hey Bigger Pockets Community!
My wife and I are highly interested in Real Estate as a new stream of income and would love to purchase our first rental property in 2022! We purchased our first home in August of 2020 (...
I wrote a post on one of the BiggerPockets Facebook groups but did not get a lot of feedback, so hoping for more interaction here! I'll try to keep this short while still providing numbers and details...
My family a...
HELP!
I am a newbie and was offered an owner finance option!
I know very little on this topic but have heard this can be a great option. I am hopeful you all can share your experiences, warning, and tips.
I am pla...