My husband and I own a fourplex that cash flows extremely well. We both work full time for a property management company, and always wanted to own real estate of our own for the purpose of building wealth, having fina...
Ok 2 family house potential income 1300 month both units rented out
breakdown cost 50k
25% down 12,500
loan 37,500
taxes 3200
insurance 1300-1500
bank of america pre approved me at 40k with taxes on 30 year ...
Im just getting into tax deed sales (here in texas) and plan to attend my first sale this week. I dont have enough info to start bidding yet, but wanna attend to see the layout and get the feel and maybe make some con...
I am yet to make my first investment- but have been doing my homework and saving, and I'm "almost ready". I work in a secure, full-time employed position, and I love my job. To be clear, I do Not intend to quit anyti...
I want to get into real estate investing. Here is my plan and then my questions below:1) I want to buy single family homes across various states with each home having its own LLC in that particular state.2) I want th...
I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?
An investor has a full-time job makin...
Hi all,Can the experts lend a hand in what to watch out for when picking a company to handle the exchange ?1. Should the company be in the same state for the purchasing side to understand any relevant laws and local i...
I have an investor who has offered to give me 15% of net profit after a deal closes if I fund the purchase.What would my tax implications be if say I funded a $20,000 purchase and the sell ended up netting him $10,000...
Thanks in advance for your thoughts:
Currently in escrow on a duplex in Dallas/Garland area. Just got inspection back and condition is a bit lower than expected. Units are all occupied, and leased at $1095/unit, cons...
Hi BP Community, I just made an offer on a single family house today and just wanted to share the numbers to see if they make sense. The house was built in 1999 and has 3 beds and 2.1 bathrooms. It has a walk o...