Trevor Smith
Exit Strategy Help! First rehab has gone wrong...
Hey guys,Well, I am still awake because of this dang flip I'm trying to wrap up. I can't sleep. I am cutting this super close. I could explain what I think went wrong, how I came to do this deal, etc. But that is not ...
William S.
Milwaukee MF Analysis. Always Negative Cash Flow...
I'm not seeking to buy at the moment so I am using this time to practice. There is a neighborhood of interest that is up and coming and has some nice 4-plexes. I have considered contacting the sellers (off market) to ...
Pat Opiola
reporting sale of flips to irs
I bought a flip for 60k i sold it for 95k 5 months later the rehab and holding costs were 9k, where do i show the profit? on a schedule D? thanks, also My friend and I bought a property together, we rent it out, do we...
Henrietta Lee
Tax pre-payment for rental sold
Hi, I sold a rental property that was rented for 16 years in CA this year. The net capital gain was $480,000. Depreciation taken was $100,000. Escrow already withheld CA State tax. I'm retired in FL with $25,000 socia...
John Coberly
Advice for a new investor
Hello all,My name is John. I'm 22, have a full-time job that I like, in my field, and have gotten pre-approved for a $130,000 mortgage. I have some college credits, and take a class or two per semester, but no degree....
Tyrell Rutledge
Subject to, then refinance.
My brother and sister in law recently purchased a new home here in ok. Their old home is in need of repair with about 75k left on the mortgage. The arv is 120k. Rents around 1k.Here is my question. They are willing to...
Jamie Banks
MTR Operations + Lessons Learned
When I started my MTR journey in January 2023 I would never have guessed that less than a year later I would manage over 20 MTRs and have over 80 MTRs total in my company's network. As I've grown my MTR business, oper...
Eric Hansen
Pay off my house or invest in another property?
I am 25 years old and I recently closed a deal on my first house, last Monday actually! Exciting for me. I got the house for $31800 with a 10% down payment so I still owe $28620 with an interest rate of 4.42% (that ca...
Rob Stein
Duplex Analysis - First Rental Property
Hello BP Community, thank you very much for reading. I am hopefully going to be acquiring my first rental unit, a duplex, shortly, presenting offer tomorrow. It's an interesting situation, explanation and analysis bel...
Matthew John
Tips for a Noob in Metro Detroit
Hey everyone!I've been absorbing information, just reading & listening to everything I can find. I'm at the point where I want to diversify my portfolio into real estate. Little background - I'm 25, living in Metr...