David C.
Build and sell do you have to pay social security tax?
This is my first project. If I build a house, pre-sell it when almost done, then actually sell it when done, do I have to pay social security taxes on the profit? I know as a short term gain I would have to pay inco...
Victor Mondragon
Will these numbers work to build a garage apartment to rent?
Hello BP!I have been working with an architect and builder on getting drawings made and construction quote for a garage apartment and would love feedback on this deal.I live in the Houston Heights area. (For those no...
Deyunquis Legrand
Starting to build my real estate team and need an Attorney
So i am kind of new to this site so i dont know if this is the right place to post this because it specifically for me area but can anyone recommend an Real estate attorney or a site for a real estate attorney that ha...
Minne Carlton
How many water heaters should be in a three unit building
Hi everyone. I was looking at a 3 unit building to purchase and I only saw 1 water heater. Shouldn't there be three?
Ayodeji Kuponiyi
Need Help On Deal 22 -1 bedroom units + 4 unit building!
Good day BP! I recently came across 26 units (22 one bedroom unit + 4 three -1 bedroom & 1- 3 bedroom) The seller is asking for $1,250,000 and I offer $1,040,000 after underwriting the financials. Seller countered...
David Smith
How much can borrow for an 8-family building in NJ
Hudson County6% cap. around $1 million price point. All units are vacant.. very good rental market. How will lenders consider how much money they can lend?What lenders shall be preferred for such loans?
Pearce G.
What's the value of an accessory/storage building for a rental?
I just put an offer on a 1100sqft 3/2 SFR on a half acre. Should rent for $1000-$1200. Was wondering if putting a pre-fab storage building in the back yard might allow me to charge an extra $100 or so. Any opinions...
Timothy Woodland
Advice for building porfolio, even if first multi has 96.5% LTV.
I recently financed my first 3 family using an FHA 3.5% down loan. I am looking for advice on how to set myself up to expand my real estate portfolio given that I have such a high LTV % (96.5%). I would like to contin...
Bill Squitieri
Benefits of a multi unit building vs. several single family home
I have been investing in real estate for the past five years and have acquired 4 single family properties that are performing to my satisfaction. I am now at a crossroad where I am trying to make a decision to either ...
J.Michael Edwards-Toepel
401k, cash, & strategy for beginning to build a rental portfolio
Hey folks!I had some trouble figuring out where this fits, as it's more of a strategic decision I'm hoping to get some other perspectives about. I'm going to just kind of bare all of the thoughts that have been slowly...