Reid Sealby
HELOC vs. Cash-out Refi...
Hello friends! Last August, I purchased a home in Arvada for ~530k with $0 down using the VA loan. Since then, a recent market value analysis shows us that our house is likely worth $650k-$700k in the current market. ...
Robert Jordan
Condo Maintenance Expense Budget
Hi all - I’m a first-time investor located in Chicago who is still learning the ropes of underwriting. I’m looking to buy a 2/1 in the 350-400k range as a primary residence and rent out the second room as a first step...
Steve Meyers
Where and when did you do your last BRRRR?
Hi all, I'm just now getting into investing out of state. (I'm currently in San Diego, CA). I've been trying to find properties to BRRRR with but finding most of the properties on the market don't fit BRRRR criteria...
Account Closed
Possible Game Changer! Input Needed!
Good Day Investors,In my recent search for my next deal, I've come across a potential Game Changer! I was originally looking for a flip or wholesale deal. I found a deal that, on the surface, doesn't appear to have ...
Peter Johnson
Landlord Strategy: Become the Utility
With rapidly falling solar costs and the 30% tax credit, has anyone discussed the idea of "becoming the utility" for their tenants?Most landlords can have solar installed at no up-front cost & finance it over 25 ...
Camden Brown
Ductless Mini-splits for 5 Unit Multifamily Cost
Hi,
I recently purchased a 5 unit multi-family home in Massachusetts that is heated by one, very outdated, boiler. To separate utilities, I had the option to go electric (costly for tenants), put in 5 furnaces, use a...
Brett Loetz
Will I pay ordinary income or long term capital gains?
We are selling a property we have purchased in Nov. 2018, and are scheduled to close on May 8th.We did a rehab on it, used the brrrr strategy and rented it out from June to January to a short term insurance deal that ...
Yenlan Patton
Should you make improvement of rental property to reduce tax ?
What would you do to help reducing your taxes with your rental property income ? we have more income from our rental homes this year which is a good thing but other hand we will pay more taxes next year. Any thought. ?
Scott Thompson
First property- budget/cushion for unexpected repairs?
Hi all,I'm looking at getting my first property, but a big concern for me is unexpected expenses in the short term. What would you recommend as a cash cushion for unexpected expenses/repairs in the first year or so of...
Nick Merryman
What happens to the seller's equity in a foreclosure auction? Typical fees/costs involved?
So I have a seller I'm talking with a lot of equity in her house, but she's about to be foreclosed upon -- her auction date is scheduled for mid-January, so the timing is getting tight. We're going out to the propert...