Brit Foshee
Am I a real estate professional for tax purposes ?
I am beginning to prepare for filing my taxes. I have not kept a good record of my hours. I have a full time job, but I feel like I've easily surpassed the 750 hour mark on my rentals and I probably have more like 10...
Jason Howell
Budget for CapEx vs Repair on long term rental property
I have bought four properties in the past year and prior to purchase, ran all numbers based on budgeting 10% for repairs and 10% for CapEx expenditures. These were acquired via turnkey, so in nearly all cases, all big...
Alex R.
Financing with a short sale on your credit
Hello BP,I am interested in purchasing a duplex in Miami. My situation is as follows:My previous deals have been all cash but now I would like to finance my next deal.I have a short sale that closed early 2012. My cre...
Tony Marcelle
Which is better? Private lender or Line of Credit?
It would be good to have the cash I need at my disposal to use at moments notice. My investing partner keeps bringing up how I should get a business line of credit to use as cash to buy homes. My thing is, which is be...
Jennifer W.
Is breaking even enough?
I own a condo and cannot determine if I should sell or keep it for future rental income. I currently lose about $25 a month after mortgage, insurance, property taxes and homeowner fees.
Facts:
Purchase price in 200...
Gabriel Lovatt-Sutton
New Investor With Dreams to Shoot For!
Hey!My Name is Gabriel. I just graduated with a degree in Cell & Molecular Biology and my plan has been to go to Medical School to become a doctor. A few years ago I got very interested in Real Estate Investing an...
Sophia K.
Should I take out home equity to reinvest?
Hello! I'm new here and this is my first post on this forum. I have a rental property at the Tidewater (VA) area which has nice cash flow around $700 and about $200K of equity. It is in a nice subdivision and it alway...
Gage Holmes
Seeking Advice on best way to start getting to work
New to being a member here but long time listener. I am wanting to get into flipping or renting houses in the next year or so. I am currently 21 and have 50k saved up.
Looking for any advice on a good place to start...
Pathik Thakkar
STR + Flip - does it work?
This is for the bay area, and here's what I am hoping to do - buy a fixer upper for 900k - Cost seg - write off (675k)- Spend 200k in improvements- 30k in furnishingsHow does the 200k in improvements play in taxes? Ca...
Dan Powers
Impending Market Crash???
With every week a new house sells and set a record in its respective area, with this trend having gone on for months the big question on everyone's mind right now is, is there going to be a big correction in the marke...