Tony Ferris
Q: Determining your COC with leverage
Hi guys,
this is my 1st post.
I'm trying to determine how you calculate your cash on cash with leverage.
Example: I purchased a mobile home park $375,000
with $75,000 down seller carry @ 7...
Jason Rhine
Question: Quarterly taxes on LLC member income
Let's say I am the only member of an LLC and the business makes 20k through wholesaling in a given quarter. If my marketing expenses were 3k, I suppose I would be expected to pay personal taxes on the remaining 17k...
Clyde Benfer
Letting a friend live at your house
Hello, from the research I have done if a person pays you rent to live in your house it is taxable income. This can take out a significant chunk of money that you would be using to pay down your mortgage.
If the o...
Pixel Rogue
Upgrading to New Purchase (Investment or Residence)
Hello everyone,We are considering purchasing another home nearby. The place is similar to our own (same builder, similar layout etc.)If we purchase, the home would need some serious upgrades that will take time.OPTION...
Betty Yeo
Virginia Ave purchase
Investment Info:
Single-family residence note investment investment.
Purchase price: $99,000
Cash invested: $25,000
1954 bungalow with 4 bedrooms 1 bath with 1250 Sqft. House on .4 acres.
W...
Jason Curry
Submetering: Lewiston, Maine
I'm currently looking into submetering a four unit building that I have in Lewiston, ME. Has anyone done it? If so, I'd love to hear who you used and your experience.
Michael Lutz
To start or not to start?
Hello BiggerPockets community,I have been listening to the bigger pockets podcast for awhile now and I've been interested in buying my first property. However, I live in LA where prices are high, and I'm still not sur...
Patrick Mueller
Barriers to Buying Rental with Foundation Issues
I'm curious as to any other special requirements or costs that may be necessary by the buyer when purchasing a property with foundation issues. After you have paid for the foundation to be repaired by a contractor, w...
Christopher Wright
Rental Property Calculators
so i'm trying out the rental calculator on the site and i'm having a little bit an issue. every time i use the calculater the rental income would come out far greater than the rental expense. for instance the monthly ...
Par Attaran
Better deal-2x $100k properties -vs-4x $50k properties ?
200k Better value for your money ?A-2x 100k homes in- A/B class neighborhoods=$200kvs B-4x 50k homes in C/D neighborhoods=$200k Lets pretend the rents are close (or the same)What is the smarter move? A gives you bett...