Biggerpockets community I have a issue and I'm looking for my first investment property. I want to hold this property as a rental for as long as possible. My bank has me approved for 215k but I want a home in the 100...
Hey all,Looking for some advice on how to set up and structure a partnership for flipping and recommended stakes. The group would be another investor and myself. We're at least responsible for the deals and funding po...
Hey all,
I have been doing some learning about tax implications for owning rental properties and I had a question.
Its my understanding that you can carry over net operating losses from year to year basically indefi...
Hi everyone - I recently purchased a property and at the closing table I noticed that the amount on the mortgage was significantly higher than the promissory note. I've never experienced this before. They've always b...
Interested to see how other investors are mentally and physically preparing for a reversal of 1031 exchanges. How are you altering your future estate plans if this goes through? Investors currently pay a 23.8% top ra...
I have been searching for off market deals or awhile but when it comes to send an offer on it, I don’t know what is the right price to offer for it, it doesn’t just have numbers listed for you and the owner just want ...
Hello BP Friends,I just closed on my first multifamily property (out of state) and one of the units is currently occupied with a month-to-month tenant. I have mailed a formal introduction letter letting them know how...
I'm a beginner REI and have just received my Michigan real estate license. I've found a great deal on a house using the BRRRR strategy, however i'm a little confused when it comes to the refinance. For easy numbers, i...
Hey everyone! I am planning to make my first offer but I wanted to know if the numbers work.
Location: East Pennsylvania
Type: converted four family
Price: $350,000
Total SqFt: 3,232
Built: 1869
Units:
1. 2 b...
Hey fellow BP'ers
I am buying my first rental - duplex. What type of coverage should I have on the property? I received a quote from one of the brokers as below -Dwelling Replacement Cost Incl Ord/Law...