I'll try to make this short, I'm about to venture into my first flip, property is $58000, rehab costs $50,000, arv $180,000. My liquid funds are extremely limited so finally I found a hard money lender that will fund ...
So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
Hi BP friends, I'm a landlord in upstate NY looking for some advice about generating revenues to purchase another buy and hold. For the past few months, I've been reading a great deal about wholesaling (I even starte...
A 3/1 townhouse I own in Baltimore was trashed by a Section 8 tenant who moved out at the end of 2016. I spent more than I expected getting it back in shape. Then had difficulty renting it for several months, for vari...
So, since I've started as a pro member here on BP, a lot of the properties in my price range are all in run down neighborhoods with high crime. Does anyone have experience with these types of rentals? Is it just a ...
Hello Bigger Pockets Community:) What's everyone's biggest frustration/problem you face right now as a real estate investor?For myself, it would be deal flow. My partners and I will look at 100 deals and about 5-8 of ...
Hi everyone! I'd like to say in a fairly experienced investor, still a newbie at heart though. I have 8 doors over 3 properties. 1 specific property, I purchased in 2019 and in 2019 I took a net $9k loss, and in 2020 ...
I am interested in hearing from people whose portfolio consists of single family rentals. I currently own 7 sfr. I’ve had great success acquiring them over the past three years. But it seems like this is the point whe...
I’m 17 and a junior in high school, I want to be a full time real estate investor one day (commercial real estate). When I turn 18 I wanna get my real estate license so I can raise some capitol and start from there. W...