Hi Everyone,My husband and I close on our first investment property in 2 weeks!! Woohoo!I have 2 questions related to cash on cash return. I have zero background in finance or accounting (I majored in biology) so I ne...
I’m finally selling our first rental property. It was originally our family home but we had to rent it out for 10 years until we had enough equity to make it worth selling. I’m finally selling our first rental propert...
Hello all,
I normally do single fam, so I wanted a quick hand with numbers on a deal I'm considering.
Location and repairs aside, strictly by numbers, what do you guys make of this deal:
Single house, 3 fam:
- 2 be...
My husband and I are about to make an offer on a second investment property (our first in Florida) and we requested insurance quotes to help us determine the numbers. This is a multi-unit property with a main 3/2 ...
Okay, I'm one of those people who dreamt of becoming a real estate agent, owning properties and living a good life with financial freedom. Well that didn't happen. I kept putting it off and before I knew it, 20 years ...
Hi BP,I'd love to get this thread started.What are the best practices/ strategies to starting LLCs in the most tax "beneficial" states for their businesses? Why or why not? Great question to accountants .What states a...
Hi Everyone,New to BP in the last year. Decided to take on a second career in real estate. I've done some decent research in the last year and am currently in the process of getting my real estate license here in Ar...
Hi,I have a not-completely-hypothetical example for advice.Would you rather purchase a single family at $50k which will need $20k of repair to rent at 900/month, or a converted house that is currently in ok shape, wit...
Has anyone used Radiant Property Inspection for home inspection?Are they good and can be trusted? I am going to hire them to do a home inspection. I won’t be there, and my broker is out of town till next week Wednesd...
When researching a city out of my home state, what's the best way to research a zip code or a city on the internet for good schools? I'm looking for SFRs in the Chicago area that are in B locations with good schools...