What is everyone's opinion on buying a house at the current market price, but you can put 20% down, and the rent covers the mortgage? Also, you don't have time to look for deals.
Bigger pocket members, How do you file for tax return for newbie? I only have two rentals. One in Memphis and another is Cleveland? Anyone recommend using turbo tax? Hiring cpa can get expensive so trying to find t...
I'm crunching numbers on my first investment purchase and suspect I'm focusing too much on the profit margin during the first two years (low single digits). I think the margins will be between 10% (no refinance and ...
I noticed several neighbors at our PF cabin have whole house generators. Our neighborhood has underground electrical, but the main roads are all obove ground.I only saw the electrical go out once for a few hours this ...
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Hi! I am new to real estate investing. So far, I have bought one house with my brother, who lives there. Now, I am planning to buy a second house for cashflow. I have $150 cash (for 20%, renovations, etc). Had a discu...
Dear BP Community, I am buying both units of a duplex, leasing one unit to someone else and living in the other. I’m taking a hardship withdrawal from my 401(k) to fund the purchase. Any comments regarding my decis...
My wife and I have recently formed an LLC in Alabama with her 2 siblings and their spouses to purchase a short term rental property also in Alabama. We are 15 months into this and are now having our first full year ta...
Hey guys, I just graduated college with a degree in computer science, and when I start work this September my salary will be around $200k. I recognize that having a salary like this early on in my career is a huge opp...
Is it really all doom and gloom regarding condos? I know someone out there has a condo as a rental that is doing well for them. Please share your story and give us details about the expenses and income. Thanks!