I am curious to see who is making major changes for their real estate investment strategies and businesses in 2019, and why.Are you exiting the BRRRR or flip world for notes? Leaving notes for multifamily syndications...
Hey guys I have a month before I close on my duplex that I am house hacking. I am renting one side out and will be getting a roommate on the other side. My question is this. Whats the best way to do the roommate p...
So for whatever reason, I’m having super favor in finding deals. I’ll lay out the quick history to catch you up with my current situation. 2 years ago I GC’ed the construction of a duplex on a lot I purchased from a d...
Hi BP! I just inherited my third set of tenants. They have lived in the property 12 years. Never had their rent raised. Don’t have a security deposit and are month to month. The property needs a complete rehab as they...
Hi Gurus,This is a duplex with one unit having finished basement rented out to a Section 8 and anther side to a non-Section 8, both would like to stay. Here are the numbers:Purchase price: $290,000 (I could spend $30K...
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
We closed on our 2nd flip here recently. It is a 2900 sq/ft ranch style home on 5 acres in East Texas. The home was bought from the MLS. I noticed it after driving by it all the time and seeing a for sale sign on it f...
Hi Everyone,I'm currently under contract for a 4-unit building. All units occupied, all tenants are paying (according to the seller).Issue: Current rent is $300/month per unit. Average for the area is $600/month (acco...
Hi All,I am looking to learn from your mistakes / shortcomings! Please respond with something you wish you knew when you started your REI adventures which caused you major headaches later.Thank you!
Good evening Bigger Pockets Family,My name is Tee and I am from the Bristol, PA area. I have been reading books, listening to podcasts and watching webinars for the past 6 months. I finally stumbled across my first ...