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I understand (and please tell me if I’m misinformed on any of these assumptions)I understand that an S-Corp might be the best legal structure if your business is rehabbing/flipping, wholesaling, or anything where you ...
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I am a young landlord just renting out my first property. My property management company has been less than transparent, from my perspective. They have charged me for fees that are a surprise on my statement - and whe...
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Let me start by saying through most of my life I have made all the wrong decisions when it came to money and finances. I spent, borrowed, and lived beyond my means until I hit a wall. I have always paid my bills on ti...
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How much of your profits are eaten up by income taxes on rent paid each year?? I know you get deductions for depreciation, and maintenance but even after that, it seems like any profits would be eaten up and possibly ...
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What should I look for in a roofer other than the standard contractor “licensed, bonded, insured”? What’s a reasonable price for Seattle or other HCOL markets? I have 4 layers of roof. Over read J Scott’s estimating r...
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Hello, I'm attempting to use crowdfunding for a purchase. The property in question is a 4 unit building, 3 apts, 1 commercial, all rented out, outside the Philly metro area, private seller. All systems have been updat...
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I received a call from someone interested in renting one of my properties. My gut reaction is that I am not interested in renting to this person, but this is only my second property so my experience is limited. ...
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Hi Everyone,
I am new to BiggerPockets, and like many others, I have fallen in love with the lively community and wealth of information. Everyone seems to be very helpful and I hope I can pay it forward!
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I've been reading Houston threads on this forum for a while trying to see what kind of return rates to expect in Houston. It seemed like 1.3% is doable for rent/price ratio, and some recommend trying to get 1.4%. Talk...
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I have an offer on a small rental property. It has 2 houses on it. Smaller house is 2/1 and larger is 4/2. Purchase price is $140K and current rents are $500 and $1000. My question is about financing. I have a...