Etim Fisk
Is it a good idea to buy an apartment with no tenants in it?
The property I am attempting to buy is in a very nice wealthy neighborhood in central Illinois, however, It doesn’t have a single renter occupying the property at the moment. I’m wondering if I should forgo buying thi...
Daniel Murphy
Cost seg & STR loophole from a financial planners perspective
Hey all, I did a cost seg study on my short term rental for the 2022 tax year. I'm a financial planner by profession & really wanted to understand the nuances behind this topic more. I love comparing the hype vs r...
Camden Kelly
First BRRRR deal in Pittsburgh
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $53,000
Cash invested: $36,000
This was my first experience with BRRRR. I secured a line of credit against my prim...
Account Closed
Loaning your own money to your own LLC?
After flipping a few properties and acquiring some buy and holds on my own I opted to start a LLC. However the LLC currently has no funds in the account and the bank told me that if I was to transfer any of my own mon...
Lucas Pfaff
FREE Property - What's the WORST that could happen?
I have been offered a free property ($1) in a very rough part of Philadelphia. The property is a boarded up shell. I'm trying to figure out what risks I run if I purchase this and sit on it for the foreseeable future....
Colin Brown
Is there a standard starting amount?
Hello, I wanted to advise on getting my feet wet in real estate. I have 10K to invest at the moment. Can I realistically acquire a property with this amount or would it be wise to wait until I have more? Is there even...
Will Gates
Help me convince wife this is a good deal... or tell me I'm wrong
Good day, BP members!My wife and I have started the process of reading everything in sight on BP, listening to forums, reading books, analyzing potential deals.. we're about 3-4 weeks into this process, so we're still...
Michael Hunt
BRRRR for Smaller Multifamily Properties?
Hello,When you BRRRR a small multifamily property (Duplex to Quadplex), do you vacate the tenants while you do the rehab portion? It seemed pretty straightforward for SFH (one tenant), but I wanted to see what the com...
Matthew G.
To rent or sell existing home after purchase of new home in Southern California
I'm sure this question comes up often when people upgrade to a new home but don't need to sell their existing home as a contingency. I'm looking for advice on the following scenario. Party decides to buy new home and ...
Ilya Z.
Alternatives to "usual suspects" when buying kitchen appliances?
We're rehabbing a flip which includes a complete remodeling of the kitchen. So in a few weeks will need a full set of appliances: fridge, dishwasher, electric stove and fan. The spread on the house won't be very big, ...