Hi all
I have a previous house (now rental) that is quite underwater. I paid about 10k in repair costs this year for a new HVAC and the basement had to be excavated due to the plumbing collapsing under the house. Ye...

Hey BP!Have another tax related question that I'm hoping someone can help me out on. Up to this point, I have done Buy & Hold on all of my investments so I am not sure how taxes work (aka capital gains) on a fix &...

Hi,

Can one of you walk me through how taxes work on an investment property?

Let's assume the following. 50k property.

Income - PITI = $910 in cash flow for the year

Rental income - (Intere...

Is it beneficial to have an LLC before flipping and rehabbing homes? What are are some drawbacks you've encountered by not having an LLC established?

Hi,      I am evaluating to purchase a property south of DFW wherein the county Tax records show that the taxes are nearly $4500 with assessed value of $158000. (Market price may be even higher).  With expected rent i...

I'm stoked about my recent success - closing on my third rental property and getting it rehabbed and rented in less than 5 days.I closed on Friday afternoon and immediately went to work.  I pulled 16 hours a day for t...

Like many, I started wholesaling as a first step towards real estate investing. I've been on BP since 2011 and in 2013 I finally decided to give it a try. I kept track of my progress here on BP early on, but I haven't...

Hey Team,
i'm in escrow on a 3/2 home in South Tampa brand new remodel. We are in escrow at $390k and we are putting 25% down. We are only cash flowing about $125-$250 a month. Our cash on cash return is 2-3%. Lo...

Hey guys, I'm interested in opinions on this STR deal in downtown Austin. I've already signed the contract (lmk if you think this was hasty on my part -- would love to know why) and paid some earnest money (I'm long-t...

Every calculator has stuff that seems irrelevant or is not true to the situation.  My purchase price was over 20 years ago, I do not remember closing costs, have refinanced twice at least and I have been renting it fo...