Andrew Bissada
Being able to afford on your own vs with tenants? - Multifamily
I've heard that you should never buy a property that you cannot afford to pay the entire mortgage(from your W2 job income) if you were the only person living there.
But obviously that must go out the door once you ...
River Luce
Covid and what it has taught me (The Hard Way!)
Good Morning Everyone,My Name Is River Luce and I am an aspiring Real Estate Investor. Around two years ago my Girlfriend and I decided it was time for a change. We were both born and raised in Arizona, and we wanted ...
D.C. Sparrow
Homeowner Walking Away, Wants 5k to Deed the Property To Me?hort Sale
Hey Experts,
I signed a contract to do a short sale with a homeowner. However, now they won't sign authorization to release nor continue with the short sale. They want to walk away and will sign a warranty ...
Kyle Wesley
Successfully BRRRRing a House at 21 Years Old & in College
My Story
During a summer job in high school, I started to get tired of my paycheck being dependent upon only my time spent at the workplace. I enjoyed the job, but I enjoyed other things more. This planted a seed in ...
Benjamin Arritt
FRAUD Alert for People Who Buy Houses
I can tell you from firsthand experience that the current information available online regarding fraud and ID theft has not caught up with the tactics used by thieves. I am posting this now because the most recent sco...
Account Closed
Beginner's beginners guide #3- Credit Score
Okay this is THE most important and slightly lengthy topic that confuses and baffles most, but fear not! For I shall attempt to simplify this topic as much as I can for those starting out to help in building a better ...
Alexander Zurn
How much of funds to use with private investor
Hello - I have a bit of a spin on the age old question: To use all of your savings on your first property or not.I have 10k I have saved in 6 months to put towards a property. I have planned to use 5k of my own funds ...
Brad Warshaw
Two Flips Do I File Cap Gains Or Sch C?
If I did two flips last year can I file both as capital gains or would I be considered a dealer and have to do a sch C? Both were held less than a year. Thanks
Mala S.
Renovation Pics for BRRR!
Hello BP, I just wanted to share some pics before/after of my latest remodel of a 3 family house in Hudson County, New Jersey. I renovated 2 out of 3 of the apartments ( 3rd unit was already renovated). Units are all ...
Debbie C.
Question about 1031 and 121 exclusion
I have a question for tax experts out there. Let’s say I did a 1031 exchange and chose a replacement property worth 100k, fully paid with cash from the exchange. Then I rent this property to my son and after two years...