If I am currently full time employed in Illinois and fit into the 28% Tax Bracket, what taxes do I pay for my flipped property? Am I still paying 15% of capital gains or do I pay 28% on capital gains due to my current...
Hi BP community, I am new to BPs and to real estate investing. I am currently evaluating several real estate opportunities to buy multiple duplexes/quads in Macon and Milledgeville, Georgia (about 2hrs from Atlanta) ...
I want to get started in real estate but am having trouble with the capital required. Is it possible to refinance my home to get $ out? Here are some specs:Price: 330,000Downpayment: 30,000Loan amount: 288,000Comps in...
I recently purchased a SFH about 4 mo ago. I’m almost finished with rehab and plan to rent out. I want to pull out my cash invested in a mortgage. I’m in for $140k cash, no current loan, Home is worth $225k easy. Wher...
Hey there guys! Looking for a bank in Columbus ohio I am palling to do brrrr in there and looking for a bank or banks that can refinance after 3 months? Thank you
Hi BP,
I've been trying to line up a bank before I pull the trigger on a property to implement the BRRR method. I've literally called 25 to 30 banks and all of which have said no, cannot refinance under 6 months. I ha...
I'm trying to purchase a home that will likely require a lot of rehabbing. Ultimately, it will be a vacation home for me and my family when we visit but we'd also like to rent it out as a short term rental when we're ...
Hi All,
I am new to real estate investing and need your input in the Flowery Branch area. Is this area growing, expanding, and suitable for rental investment? I see a some new construction sites around. Will the area...
I'm wondering if anyone has done BRRRR in Eastern Washington? I'm looking at both of those areas as potential places to BRRRR because of lower home prices than Seattle and they are both cities that should see high gr...
I am looking at a 5 unit property which should cashflow nicely.
The purchase price is $400K. The current owner still owns $175K on the property at a 4.2% interest rate. What are a couple suggestions Y'all might h...