Hi all! I'm just getting into REI and I'm looking to get my ducks in a row before just diving in. In doing my research, I've come across some potential snags that I wanted to get your advice on.MY GOALS: Within the ne...
@Abhishesh Acharya and I have presented some, mostly non-googleable, high-level overview of some tax strategies. I understand this might be very technical for some of us. If these apply to you, please research more, ...
What Cash-On-Cash (CoC) return do you like to see on your rental properties, and at what point in your loan term do you calculate your CoC from when deciding a property is worth purchasing?I'm doing some returns base-...
I am coming up on my last semester of college, but am interning (paid) with a Big 4 accounting firm for this semester and will not really be taking classes. I will make a nice chunk of change (for a 20yr old) during t...
We finally did it! A year ago, my brother and I formed a partnership and jumped in to the business of rental properties. With just over 12 months experience under our belt and an initial investment of $20,000, we ha...
I'm trying to understand the 50% rule when it comes to houses that need work. I think the best thing to do would be to spell out the deal I have now and let people offer their input. I have a single family home under ...
Hello fellow BP folks!My wife & I just had an offer accepted on what could be our first ever rental property here in Allen, TX. We've been searching for months now & finally found a home that we're excited abo...
I purchased my third SFH in mid-August. The PM got it spruced up and started showing it. But he's only gotten one application despite numerous showings. He's lowered the price once. My other two rentals are with him; ...
Hello everyone! Been reading these forums for a while, first time posting. So let's get right to the point: I have a half acre lot Chicago (Rogers Park). Building was crumbling, so had it demo'd and fenced in. I purch...
First I'd like to say that I do not believe I know the answers or that I (or anyone else) can truly know when a market is going to rise and fall. These are my observations and thoughts that I wanted to share and I'm e...