I'm 22 and used to work at a seasonal company last summer spraying peoples yards for mosquitos and was getting paid $17/HR. I left the job after the season and got a job as a property manager for a Storage Facility. I...
I currently live in San Francisco, CA in a 2br condo I bought for about 300K in 1999. From what I've researched, it is currently worth between 600 - 750K. I haven't done any major renovations, but it's in great shape ...
Trying to acquire a house for rental purposes, long term strategy is to rapidly build a rental porfolio
Purhcase Price is about $55,000 two financing options available:
1. 90% loan which will be at %7.25 interest an...
My first rental is up and running smooth. I bought it outright, financed the costs to fix it up but need to wait 6 months from the purchase date to get a mortgage on it to cover the fix-up financing (5% with mortgage...
Investors have long known that depreciation on depreciable real estate is an economic fiction. Since property values usually increase over time, depreciation has often been called a "phantom" expense. Congress even r...
Hi Everyone,I’m extremely grateful for the BP forums and for everyone’s willingness to share knowledge; what a great place where everyone contributes to others’ success!I am new to the real estate investing world, and...
I now have 4 rentals. They are cash flowing and things are great. But I am running into the issue where things are moving slowly. I use the BRRRR method, so my cash gets stuck until the rehab and refinance is complete...
So it seems there's a lot of conflicting info and I was hoping to get some clarification. I hear a lot of investors choosing to not buy multi-family properties due to the market being over-inflated. But I also hear i...
Hello everyone and I appreciate any help/advice upfront. I am trying to help very close friends of mine with a real estate transaction. Below is the following scenario:The house: 1800's Greek revival made into a duple...
Hello,I work a normal job, and my wife is the real estate professional who helps manage our investment properties. Due to depreciation, we report negative taxable income from our real estate investments, which helps ...