Hi everyone, I have a question about taxes. I know I need to talk to a CPA about this really, and I will, just wanted to hear form the community also.. so here is the deal: I am under contract right now on a 3/2 town...
We are out there now, and we have no safety net. I have a SFH we are renting out. It's a 3/2.5 on .22. Renting it for $1200.00 mo - paying $850.00 to the bank for mortgage and 7% to a PM. Nothing in the bank for cap e...
Hi everyone,I’ve been doing a lot of research and am ready to buy my first investment. Originally I was planning on buying a multi family in the area I live in, but after reviewing my lease, I’ve found that I really c...
Hi folks!Over the last few months I've been on a mission to purchase my first investment property. During this time, I've been frequently using BP as a resource to help me along. You guys have some truly amazing advic...
I'm interested in getting feedback on this scenario:Three people go in on a partnership on a rental property. Person A contributes $30K to downpaymentPerson B contributes $40K to downpaymentPerson C takes on a mortgag...
I'm about to close on my first multifamily property in 2 weeks! I am buying the property because it is a growing area and current rents in 2 of the 3 units are much lower than they should be, but the catch is that all...
Hi everyone,I have a hypothetical for you and I am new here so I am sure this topic has been previously discussed somewhere in the depths of these forums so forgive me for just outright asking and not diving into that...
This question is geared towards experienced RE investors:
Based on all the knowledge you have acquired up to this point, what would be your strategy for getting started in the real estate investment business with no ...
Hello Bigger Pocketiers!
My name is Daniel and I am generally new to real estate. I have no investments YET but I've been doing personal reasurch for the past year or so. I've been doing what everyone says witch is ...
Hello everyone! I’ve been very quiet on BP over the last couple of years because I’ve been focused on saving money for the purpose of REI. I would like to start off by saying I apologize if this question has been answ...