My experience:Bought: March 2021, $64,900Sold: April 2024, $48,500 - $5,000 (agent fees/closing fees/etc) = $43,500Rental income (rents - expenses): $5,600Average annual returns: 2.9% (approximate)Net loss at sale: $1...

I've been reading on the 50% rule for calculating viability on a potential rental income property:
Gross monthly rent
-(minus)50% for operating expenses
______________________________(equals)
NOI(Net Operating Inco...

Hey BP!I am a Nashville native currently involved in a number of development projects locally. I am trying to be more active on the forums, so I’m going to document a development project from start to finish. I plan o...

Hey Bigger Pockets!  Once again, I am starting one of my posts out by making the disclaimer that I truly would like to post more, and share all our successes and failures so that everyone can learn from them.  It take...

I am attempting to buy a house from an owner who is in Bankruptcy.  It is a rental property and it is in disrepair, the tenants have not paid for over a year and the owners are $14k in arrears.  I talked to the seller...

Here is a high-level description:It's SFH in a pretty decent neighborhood. The cash flow is about <$100/mo. The home appreciated very well in the past 13 years since I owned the property, averaging about 7.6% per y...

Do I pay taxes on flips What do I do

Hello Everyone,

So I've just learned about the cash out refinance option while perusing bigger pockets forums, but I don't understand why you would want to do it. Using the following scenario I was hoping...

Hey everyone,  I wanted to get some thoughts this from you guys.  I usually just buy mobile / manufactured home and either fix and flip or use as buy and holds.  I came across a lead today on a lady that was looking t...

Well, here goes nothing. This has been a LONG time coming. 
I have wanted to get into flipping houses and building houses since I was a little kid. I helped an Invester from the age 14-19. He flipped houses, built ap...