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Hello everyone, this is a two-part question.
Our family is discussing pooling our resources to invest in real estate. My husband and I already have experience with rental property. My mom has a good bit of cash from...
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Situation;I have a rental property bought in March of 2012 for the amount of $220K.(Initially used as Primary Residence until Oct of 2017)Before moving out, In January of 2017, I did a cash-out refinance, and the new ...
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Hey guysI have a question, im doing the BRRRRI have off property investment in Dallas in really good area. so i know appreciation in 3-5 years will be great for example.purchase: 325-330K , ARV: 460-480K. rental $2800...
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How do most real estate investors deal with tax filing? Do you just hire a CPA/tax advisor before buying your first deal or do you do it yourself to understand legal/tax things better? Also do you have any advise/reco...
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Pardon my ignorance, but in reviewing some income statements for investments I'm trying to make sense of some napkin math concerning Net Income and Distributions. For distributions to occur for a multifamily property,...
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Scenario:Single-family home purchased for 49K. Rehab: 25kIf we sell for 95k and want to 1031 exchange does the next property have to be more than selling price or does it simply have to be more than original purchase...
Here is a big pro tip:
Stop buying on the MLS. It’s too expensive! There is a process called “Subject To” and a similar process called “Seller Financing” that gives 1% or more monthly income.
There are other ways ca...
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First time poster, recent member and was wondering if the fantastic BP community could lend a hand. My wife and I have come into a relatively unusual real estate situation. Her parents own a home in Las Vegas, NV (a...
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Hi, we own a condo in an upper middle class suburb of NYC and we are trying to decide if we should sell it or rent it out. We're around 40 y/o with 2 young kids and have lived here for the past 5 years. The building a...
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How do you all organize your rental property bank accounts?Bank Account per property? Pros: Would be very easy to see expenses/costs etc. Cons: Would end up with lots of Bank Accounts but still organize them all under...