Zachary Thompson
Is gross profit or net profit considered for taxes?
I'll be as short and to the point as possible. I'm purchasing a property subject to the existing mortgage. To do so I'm using a business line of credit to pay for everything from start to finish. For sake of simplicit...
Kat Wyninger
First Year in Real Estate - Fees/Costs and Cold Calling
Hi All - I just finished real estate classes and was starting to reach out to brokers when I was told by one broker that maybe I should consider doing something else because being a real estate agent is really expensi...
Yvette B.
New Member Intro. & Question
Hello,
I am new to the REI world, and am learning so much. The more I learn, the more I realize how much I don't know. I'm a stay-at-home mom with little savings. I've read that having a mentor is important, but hone...
KC Pake
What's Holding You Back from Your First Real Estate Investment?
Hi BiggerPockets Community, Specifically Our Rookie Real Estate Investors! I'm curious to know, what's the number one thing holding you back from closing your first real estate investment deal? Whether it's financing,...
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Tips and formulas for investing.
I am pretty much just starting out. I am confident in my ability to figure out if I will make money or not. I have a realestate book that gives the line items to consider. Is there a quick way to see if somthing is a ...
Christopher Grobbel
FHA Insurance Denied After Closing
We closed on a property in April. Our lender just reached out and informed us the FHA is refusing to insure the loan. This means our lender is kind of stuck and the loan is going to stay on their books. They want th...
Simone Johnson
I can’t understand the Code Violations
I have a home that has an absentee owner... it was wholesaled this year... keeps getting code violations...I could live in this house as my first home and hack. It’s boarded up... still nice with needed rehabbing of c...
Tyler Tervooren
Wife wants to "save" the family beach house. Can we do it?
Hello RE geniuses,Story below, but here's the main question: If we were to go through with it, what is the best strategy for a medium-income family to purchase an expensive short-term vacation rental?Here are the deta...
Rick Venetico
When to Sell vs Hold Rentals?
Im 36 years old and have built my business on sales. Im a real estate broker by trade and have spent most of my career helping builders and investors buy and sell houses. In the past 5 years my business parter and I s...
Anthony Freeman
Repair and Maintenance budget
What percentage of monthly income do you budget for repairs? (Small multi unit family)