Joe Einbinder
Income taxes on rental properties
How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
Tandi H.
Would you refinance for 33K cash?
We are looking at refi'ing a property while rates are low again, mainly to get some cash for creating more units on an existing property and/or new purchases. We've bought one property a year for the past three years...
Michael Hooper
Sell or Hold Small Apartment Complex
Just wanted to get some opinions. I've got a 14 unit apartment complex in Cincinnati. I bought it for $420K ($30K/unit) a little over 2 years ago. I've done about $30K in renovations and raise rent from an average of...
Matt W.
Turning down $30k profit, am I nuts???
So I'm in the middle of my first BRRRR project in downtown Wilmington, NC. Bought from a wholesaler for 60K 3 months ago, after closing costs, new roof, cleanup and junk removal and some brick work I'm in it for 70KT...
Denise Mayo-Walley
Houston area newbies - let's share experiences
Hello fellow Houston newbies and semi-newbies!!! I found BP less than a year ago and it has been an absolute godsend and has served as my motivation to jump into real estate investing after being interested for quite...
Benjamin Hirsh
Seeking Competitive Lender to Finance Completed Renovation
Hi
I am a REI and W2 earner with a solid income and credit score. I own 7 properties. I have 2 properties I am currently renovating (all-cash purchase). I am looking for a competitive local lender who can finance th...
Khurram Mirza
Refinance primary home to invest
Hi guys, wanted to know some thoughts on raising cash for a down payment for a rental by refinancing my primary residence. This is a strategy that is not discussed often compared to using HELOC. Is it because of tax t...
Alex Silang
The dangers of leverage? Could someone explain?
I don't completely understand this and need someone to explain it to me.
2 people have 50k equity in their 100k home. 1 decides to refinance and cash out 25k and bring the house back to 75% LTV. The other is ...
Randy Rought
hold or sell
I bought a foreclosure Condo (2 bed/1 bath) in Colorado Springs a while back for $50K cash. We have been renovating it and I have been doing the work myself because right now I have the time and luckily enough the tal...
Kostyas Constantine
Foreign national looking for Home equity loan or HELOC
Hi everyone, my first post on this forum. I'm hoping that someone here can offer some advice on a rather uncommon situation.I'm an Aussie passport holder with a non-immigrant b1/b2 US visa, so in simple terms I'm a fo...