Hello Fellow BP'ers!So, I've been renting to the same tenants going on 3 years! Exciting, yes. Everything has been fairly uneventful with them - except for having to replace the whole HVAC system the first summer they...
I am working with an accountant as I prepare returns for the first year of owning real estate. I read Brandon Hall’s article from a while back talking about the tax myth’s for real estate investing. One was the follow...
In a previous forum « bad start in rental experience » I described the problems I encountered with the two properties I bought in Atlanta.Today I have a new property manager that evicted the tenant in Riverdale; the c...
BP! I am a buy and hold investor that has only focused on growth for the past 7 years. Our defense strategy is pretty minimal besides insurance. I have about 40+ multifamily properties all buy and hold properties with...
Hello all,
This is my first post on biggerpockets, nice to (e)meet you all! I'm excited to have finally found an online forum with such a vast collective knowledge. The purpose of this post is to gather as many...
I currently live in a really popular tourist area in Southern California (La Jolla) and know of many people that are having tons of success renting extra rooms, units, or their whole property through AirBnB.
...
What do you personally keep in reserve for each one of your single family homes? For my area and the value of my property as it seems prudent to have no less than 1500 in reserves for each property.
Going to institutional lenders such as banks and mortgage companies or private money lenders (hard money)
And what does it take to qualify for each with no previous experience
or any other option that you may reco...
To the High W2 earning BP members out there, what strategies have you used to decrease your W2 taxable income? Depending on what state you earn your wages, income tax rates of 40-50% are unreasonable. Most of you like...
Perhaps this isn't the right place to ask this, but in the most innocent way possible I am curious as to how people who have quit their jobs in order to pursue investing as a full time gig make money. Basically anythi...