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Hey fellow BP members, I want to concentrate on analyzing house hack rental properties. I am in the Houston area and house hacking appears to be pretty hard over here. Well, irregardless Let's get to this house hack a...
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Hi All,I have a rental property that I sold in 2018. I lived in the property for approximately 2 years, rented it approximately 1. My question is related to my adjusted basis on the home as this directly affects my re...
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As I obtain information and start to compute the numbers for a prospective property, what is the best method to figure out how much rent I will be able to charge tenants? I need to have this information for my number...
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I’m looking to buy my first multi unit investment property and wanted to reach out to the community to see if anyone has any recommendations on a Realtor in the downtown Chicago area. I’d ideally like to work with som...
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Hello! Can someone help evaluate a deal for me?
Purchase Price: $295K Improvements: $10K in bathroom reno Closing Costs: $5KDown payment: 20%Interest Rate: 2.75%1 unit and renting at $1800Vacancy Rate: maybe 5%Prope...
So a couple weeks ago my AP Economics teacher mentioned a book titled Rich Dad Poor Dad, by Robert Kiyosaki, a book my dad recommended me to read a few years back and I am sure most of you have read it. So I picked it...
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So, I have very recently discovered that I have made the grave error in not accounting for repairs and capital expenditures for my rental units. I have owned investment properties for going on 5 years, currently own ...
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Hello, BP Community!Okay- Here’s what I’ve got...Let’s say, for arguments sake, you’ve got 5 LLCs all holding SFHs. AL LLC 1AL LLC 2IN LLC 3IN LLC 4IN LLC 5Now let’s say you’ve got a WY LLC Holding Company, parent/pri...
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My first property just appraised way higher than I expected. Was in process of doing Cash Out Refi but now am hesitant since if I want to take out all available cash, my mortgage will most likely be making me lose mon...
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I recently passed my Colorado Brokers exam and am now considering making a career switch into real estate. I currently have a job and am not planning on quitting to pursue real estate full time, just yet. I want to fo...