Uuri Koh
New from San Francisco
Hi BP community! My name is Uuri and I live in San Francisco CA. I joined BP because I want to learn more about real estate investing and could use some more open and specific advice for my goals than I've found in...
Scott Cooper
Theory Question: 10% down, cash flow neutral after all expenses
Hi BiggerPockets,Rental yields in my area are low. To bolster the yields I would need to buy in areas that I would not feel safe managing the properties. Instead, in conjunction with a partner, we have been consider...
Ally Garcia
Beginner investing: Pay off student loans or buy property?
am 28yrs old in LA working in marketing. Right now I have about $20k in a high yield online savings and money market, and not exactly sure which I should focus on more - paying off student loans, saving to buy a h...
Sarah Buchanan
Screening Tenants: Gross vs Net Income?
I have a married couple prospective tenants that look ideal; credit scores above 800, previous homeowners, etc. Rent is $2400/mo so I require $7200/mo income. Husband is currently unemployed (due to COVID) and wife m...
Michael Plaks
The so-called "STR loophole" - hype or real?
Buckle up. This is a long post addressing many myths around the current obsession with the "STR loophole." And the first of such myths is that it is a loophole. No, it is not. Loopholes are something UNintended. In co...
Kira Volpi
Contractor Partnerships Fair Profit Split
I have read several posts on this subject but none I could find that spell out my potential situation. Here it is:
I'm contemplating a partnership with a contractor.
I would provide 100% of financing an...
Maron Faulkner
Debt to income ratio problems
Applied for a 5/5 ARM with 10% down. But I didn’t qualify due to my debt-income ratio. I already own one SFR in Boise plus my primary residence here in Portland, Oregon. So if I could figure this out, I would own a se...
Will F.
How to pay less taxes? 1 silent funding-1 active proj manager
Hi. I understand with flipping you have to pay ordinary income taxes on the profit.Could anyone explain how taxes would be for a partnership, in which profits would be divided 50-50 in the following scenario: ==one pa...
Brandon Ribeiro
Lots of free time, no funds
Roughly 5 weeks ago I lost my job due to COVID. I originally had a plan to get my real estate license and use that as side income alongside my pretty well paying job. Since I lost my job, I was able to pull up my real...
Joe Conklin
Progression
Goal is to transfer from W2 job to full time real estate. I'm writing down some steps that I believe will help me progress me towards my goal. Currently I hold a salaried position and have one rental property purcha...