Chris Fayling
what should I expect to pay for insurance for single family
hello bp I hope everyone is having a great day. I have a single family 2 bed 1 bath that a wholesaler has brought to me. It meets the 1% rule at about 1.5%. All the other numbers are working in the calculators, ...
Jacob Phillips
How much cash do you keep on hand
I’m a new investor and just this week, after about a year and a half of saving and learning, have just put my first property under contract (fingers crossed)! It’s no homerun but it will cash flow and has me thinking ...
Dean Suzuki
Lease Option: Beginner Questions
Hi,
I have a SFR in Atlanta that I just put on the market to rent out. I got approached if I would be interested in a doing a lease option on it. I have never done a lease option before so I am looking for ...
Zach Davis
Potential Pitfalls Of Older Buildings
Hey Guys, I have a duplex in my area that was built in the 1920s. It has been fairly well maintained but not really updated at all. Its still the original plumbing and electrical, plaster walls, no insulation, all ...
Josh Caldwell
The safest way to invest for retirement.
When we talk about investing, there are two important components. First you want return of your money, then you want a return on your money. The return of your money bit is all about safety. Oddly enough, some ...
Faiz Kanash
Does my type of income qualify me for a conventional loan?(Bank statements loan?)
Hello all,Just a general question. I primarily work with hard money lenders to satisfy my needs when it comes to my projects as a fix n flipper, however there is also benefit if I'm able to work with conventional loan...
Evan Barney
Section 179 Expense Election - Immediate deduction of assets
Hi everyone, I am currently taking a Tax Analysis class at my university and I came across Section 179 in the tax code. Based on the discussion in class, it seems that as a business owner you can elect to immediately ...
Marty Rogachefsky
New Refrigerator - Capital Expenditure or Repair?
New investor here!We had to replace our refrigerator in our rental, due to the old one breaking. Is this a Capital expenditure or an operating expense?I'm also wondering what the advantages are of classifying one as a...
Tara Kinney
Invest and loan from 401K or just save?
Strategy Questions:I work as an 1099 for my "real job". I have an LLC and it is taxed as an S-Corp. I have recently stopped contributing to my 401K to use the money to save for real estate. But....I've been thinkin...
Lynn Por
Need advice to analyze 6 bundle deals in forest park IL
Hi, This is Lynn . I just receive this potential deal and is interested to take action . Please give me some input . Thank you ! My concerns are: is it consider safe to invest forest park ? Is it easy to rent out ? --...