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Hi Everyone,I've never purchased a property to use as an AirBnb so this is all new to me. If a property won't cash-flow positive as a LTR, but will crush it as an AirBnb (based on numbers from AirDNA) is it worth purc...
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We are under contract to buy our first rental property, a duplex. We had financing lined up and got an appraisal done. The property appraised over the purchase price but the lender is dragging their feet on whether th...
Hi everyone, I am looking for someone who would be open to help me starting out in real estate, I am only 17 years old, so I have no experience, althought, I have been saving my money for now 2 years, so I could be bu...
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Hello All,I am planning on buying a multifamily property and living in it for 1-2 years before it becomes solely a rental property.I am fine with self managing.I would however like to have somebody prepare the lease d...
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Hi BP Community,
Does anyone have advice for someone like me who really likes working in their business, but needs to shift more to working on their business?
So here's a little background. I recently purchased my f...
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Good Day BP members!Would anyone have any good recommendations for tax preparers in the metropolitan Atlanta area that specialize in real estate investments?I'm looking to have my taxes prepared by a professional for ...
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Hi All,
My partner and I are working to put a 9-plex under contract for $285k with a $1k escalation clause. We have not gotten it under contract yet but we should have a decision by Monday. The property is essentiall...
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If I buy these things BEFORE I CLOSE ON MY FIRST RENTAL PROPERTY, can I still report it as tax deductions for 2021 (max amount I believe I am able to deduct is $5k in first year, start up business expenses, or whateve...
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Hi I'm looking to invest in my first rental property in the 518 area. I've had some discussion with larger banks (BofA) regarding investment loans and the down payment + closing costs seemed high (25k down and 8k clos...
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Greetings,
I'm looking to buy a townhouse Condo in Newark. I have already started talking with my attorney about some of the requirements, and he is suggesting that I do a survey for the condo. After reading up o...