Hello BP. Thought this one was a tough one that only a CPA could figure out and a good learning lesson on how to take title. What will he/mom be taxed if they sell? Can taxes be avoided? Had someone come into my open...
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Brand newbie. First post.
I do not plan to limit myself to my locale, I want to start investing (probably starting with a 4 plex or an 8 plex to get my feet wet) in the best location in the nation.
Here's a few ...
I am in the process of buying a very nice modular home, which was built in 2008 and sits on a large crawl space. It has many options and includes 1 acre of land. It is located in the country, on a main route, and in a...
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Hey BP!!! It’s official I have my first accepted offer (phew). I was hoping to get community feedback on the numbers. I’ve got some feedback from my biggest critic, my dad, and he’s advising against it and pretty much...
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Hi BP Community!I am looking for any advice on what to look for when analyzing a house hack outside of my monthly payment. I'm planning to do a rent-by-the-room house hack in DFW after I graduate from college in May o...
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So my wife and I began building our team last week. We met with a banker to discuss our plan to get into real estate investing. He looked over our plans and helped to clarify a couple of questions we had while confirm...
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I'm new to bigger pockets and I've done well buying rentals by luck back in 2011-2104 when the market was down. I own a rental in Gulfport FL and owe 130K with 30 year fixed 4.5% and its worth 200-250K. Current tenant...
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A cautionary tale with actionable advice for STL specifically, and probably REI in general.Advice: When looking at tax numbers for your investment model, make sure the property is assessed correctly when running the n...
Hi BP,
I would like to refi my primary residence which has an 70% LTV. I want to lower my rate on a 30 yr fixed. I don't want to cash out. So far, all estimates have me paying 2-3% closing cost.
What gives? I th...
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Hello all you lovely real estate people!
I'm under contract on a property and I have signed this contract with "My Name and/or assigns". I have created an LLC for this property and I need to buy the property with th...