Hey BP. I wanted to share a tough lesson learned, partly to help others learn from my experience and partly to seek any words of wisdom/encouragement. :( Thanks in advance!I am just 2 weeks from closing on my first p...
Hello Everyone, I have been grinding my wheels for about two months and finally my ship has come in. I met a gentleman who owns property here in St.Louis, he cannot do the management or upkeep his buildings anymore...
hey guys I've been in the background reading a lot of blogs for a while. I have learned a lot and I'm about to make an offer on my first multi. So the details on the property are that it's a legal four family but th...
There are many properties for sale in my region, but may not cash flow. Here is an example (remember that this is California)
$140k for 1,400 sq ft
3 bedroom, 2 bath
Rental rate = $1,250 a month
At 20% down, that w...
I was sued for three reasons:- Operating a home business out of my home.- Having a work truck in my driveway- Having decals/advertising on the work truckBackground:I live in the State of Indiana and have lived in my s...
If I buy a vacation home using a 2nd home loan and rent it as an AirBNB when I am not using it, can I still do a cost segregation study to accelerate depreciation and offset losses against my W2 income if I follow the...
Over the past year, I've been educating myself so as to get my investing start, most like with single family buy and hold. I live in San Diego county, so I've tended to focus on starting OOS. Initially, I was looking ...
How many times a month do you have to fix something in 4 Unit apartment building? Do you come on every tenant request to fix a problem or you set up certain times of the week or month or day to come and solve it?We li...
Hi everyone, Thank you for taking the time to read about my situation and give me advice. My goal is to bring in 16k per month with my buy-and-hold properties. I plan on living on 25% of that and using the additional ...
Please help me with my first offer for an apartment building: Subject: Six Unit Apartment building on the market for $800K. Only three of the six units are occupied. I believe I can get $1,000 for each unit after some...