Benjamin Haberman
First flip
Closed on house yesterday. Single family-4 bed , 2 bath.Paid $127Rehab budgeted- $30 kList price- $249,950Day one- Ripped up all carpet, tack board, base board, kitchen laminant/cabinets out. Sub floors have areas th...
Brian Plajer
Syndication Strategy using HELOC funds
Hello,
I am interested in Apartment building investing however I am 52 yo and have a Full time job in healthcare, I have access to capital via a HELOC and was contemplating investing in a couple syndication deals....
Adam Schellhammer
Insurance and Taxes in Seller Financing deals
Hi BP Community,I am currently analyzing my first seller financing deal on a duplex. It's an estate sale and the owner is willing to carry the note for 2 years. The monthly payments are what I need them to be to cas...
Chris Roush
Tax write-offs for creating an LLC
I am working with an attorney to setup my first LLC. Since this is my first business, I'm trying to figure out how to handle the expenses when the 2019 tax season begins. Since I had to start the LLC with my own perso...
Susie C.
First DSCR - Are these costs normal?
I am planning to secure my first DSCR loan. I have a property in mind that is 350k. The lender sent me the following options (attached photo). I am a little bit confused on why the monthly payment is so little? For ...
Shafi Noss
Mortgage Rates Are Lower Than Rents!
Looking at the Realtor.com's estimate for the properties in Jacksonville, it looks like the mortgage payment is lower than Rentometer's rent! For example, Zillow estimates one of its 90k properties to have payment for...
Veronica Ivy
When to form a Solo 401k: before, or after leaving a W2 job?
Hi y'all. I'm about to leave my W2 position and basically be a full time professional real estate investor. I am super sold on the benefits of rolling over my 401k into a Solo 401k and then buying rentals with it.
My...
Amanda G.
Strategies for legwork before tax sale
Georgia is a tax lien sale state. I have downloaded the list of properties up for tax lien sale next month and I've identified properties that interest me either for my own portfolio and/or because I think they stand ...
Derek Bell
Cost segregation for taxes
Has anyone done a cost segregation for a tax year?
I will have a 750k+ tax bill from a warehouse I sold and from one of my businesses I sold this year. I have not looked too much into a cost segregation, but I am won...
Samuel DeMass
Capital Gains - Simplified
Hey BP,I'm having a hard time visualizing the taxable capital gains on the backside of owning a property.Here's an example to help simplify my question:What gets taxed when you sell a property?Lets assume the property...