Tanya Brown
Please help me analyze this property
Hello,I am reworking the numbers on this one. It is a 5-plex and rents are below market value. Owner is currently paying water, sewer and garbage, but I excluded those expenses and instead will make that a fee for the...
Charlie John
Monetizing seller leads? Offer to fix their house?
Quick background on me: I have been marketing to a custom driving for dollars list for the last 12 months and have only bought and sold 1 property. My goal here is to wholesale and fix and flip. I have gotten great re...
Millard Wilson
First timer!!!
Hi, I have been looking to get into real estate for quite some time now and i think this is the year for me.. my goal is to make this a full time job so i can walk away from my 9to5 five job. But i do need some good a...
Carole G.
Way to sell without incurring capital gains?
We would like to sell several properties, pay off a few others, without giving a huge chunk to the IRS. Is there a way to do this?
Craig Garrow
How much should I offer?
Looking at a 19 unit self storage facility here in town. Asking price is $55,000 with gross potential rents of $13680/year. Property tax runs $2600/year and insurance runs about $600/year. Estimating snow removal a...
Benjamin Trubisky
Using HELOC as down payment along with conventional mortgage?
My wife and I are trying to learn as much as we can about the RE investing. When we started dating, She owned a house that she bought as a foreclosure and rehabbed. Just recently, we bought a house with cash from her ...
Jeff Macdonald
Advice for a beginner? Here is my plan.....
Greetings! This is my first public post, but hopefully you don't notice (-:About me: I am a beginner, and have been researching real estate investing for the past month. I've read "The Book on Rental Property Investin...
Cory Bagby
Newbie - Oklahoma Transplant in Chicago
Hello, Everyone - My name Is Cory Bagby and I am new to BP. I currently live in Chicago, but I am originally from the Oklahoma City metro area. I purchased a two flat in Chicago in December, 2013, and I am renting o...
Jimmy S.
Did my accountant screw up?
Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
Lesley Resnick
How have your expectations changed since COVID?
Back in the 'old days' pre - 2019 covid, my expectations were simple. I was scaling up to purchasing and renovation 10 houses a year. I was helping 20 other investors do the same. There were mostly doubles and trip...