My mentor taught me to calculate the CoC with the interest only payments of the loan (not principal reduction). Now a friend of mine said it should include principal part of the payments on the CoC. Since commercial l...
I just started wholesaling, I haven’t landed a deal yet. However, I do have a few offers I’m waiting to hear back on. In the mean time I want to know how does taxes work for wholesalers. If I make $20k from a deal how...
I have a listing priced at $2450 (4 BR, 2.5 bath).
I am currently focusing on 1 applicant who makes ~100K in her current job for 25 years, excellent rental references for past 9 years but my rent is $800 more than he...
Hello all, As a newbie in real estate, I wanted to get some of your opinion on the situation I'm in. I bought a condo in NJ for 220k around 4 years ago and have been living in it. Unfortunately my wife's job started r...
For example: you buy a rental property for $100k.$40k attributable to land and $60k to building.You sell it 5 years later for $150k.You'll need to take $2,182/year for depreciation (see MARCS 27.5y table), so that's $...
Hello there, I would appreciate some extra eyes on this deal. I've run it a few ways and would like to better understand if this deal makes sense in a market like Brooklyn. Welcome your thoughts and suggestions. Thank...
I bought two houses on the same deed in a lease purchase agreement in July 2017. I live in the single family and rent out the duplex. I have made repairs on the duplex and collected rent as well while also paying rent...
I’m an investor by default (bought an apartment in Brooklyn, NY and then moved to Chicago and have been renting it for 7 years). Based on neighborhood conditions it’s time to sell and we stand to make a significant p...
Would this be something I could do in addition to my current business? Is it as profitable as it seems? Could I turn this into a full time business with enough $$?
HelloMy name is Brian and I have lived in Las Vegas all my life. I am currently attending UNLV for a bachelors in Finance. I recently purchased a fourplex in May of last year and it has been one of the best decisions ...