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Hey BP members,I am looking for some advice on this matter. I purchased a newly renovated single family home and started screening tenants immediately. 2 friends came together and filled out an application together....
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Most states have a 6% income tax, so if someone is earning $100,000 per year, that's $500 per month. If you're a real estate investor in Texas with multiple properties, there is a higher property tax. Is it worth it? ...
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I have a friend looking to purchase a home in Denver and they heard they can add a garage to the property with a loft attached. According to the realtor, the laws recently changed to allow the expansion.1.) Can anyo...
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I'm conflicted BP. There's a legal triplex I'm looking at that would cash flow with my financing, market rents and expenses, BUT it's priced at or above market with at least $25K in renovations conservatively. I just ...
Background
I'm a new real estate investor in Miami Beach trying to buy my first property, preferably locally*. I could spend at least $500,000 in cash on a property myself, $1-20 million if I go into it with a family...
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I've recently been using some of those "0% Balance Transfer" cards to help fund my deals. They have a 0% introductory rate for 12 months or so, and you pay 3 points up front. That's incredible compared to hard-mo...
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A property that I'm thinking of putting an offer has an Addendum that lists:
"Buyer acknowledges that this property is subject to Short Sale Lender and Bankruptcy Court Approval."
"Buyer will pay a $5,000 Bankr...
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Hello BP Members!
I am very new in my pursuit of becoming a RE investor. I am in the military, 24 years old married and have 2 young children. Because of this I often find myself trying to be very conservative.
...
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I'm trying to find the best CapEx formula. I know that it can be calculated different ways. I know that the best thing to do is to make actual predictions about expected and predicted expenses rather than use back-of-...
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Merry Christmas to all you wonderful people and hope y'all have a great New Years as well! Question from a newbie investor...I've listened and read quite a bit on small MF units (2-4 units) and the prospect of higher ...