Lisa Casey
General Contractor is declaring bankruptcy and owes me work/$$$.
I hired a General Contractor/Small Co. (in business for 40 years), to add an addition to my Airbnb rental house. I paid half down in March 2018 and he was suppose to start on July 9, 2018, that is when I was closing t...
Michael Glaser
You Quit Your W-2 Job. How Do You Pay Yourself?
My goal is to be 100% done with my W-2 job in 5 years through REI and move from LA to Colorado. If I can do it sooner than all the better.I hear on the podcasts so-and-so quit their job and now are doing this full tim...
Kevyn Otero
Newbie
Hi I'm kevyn, I'm 18 years old & i have a real passion to get started in real estate. I know this is not a get rich type of thing & I'm cool with building long time wealth as well as putting a couple dollars i...
Ryan Saulle
BRRRR calc questions
Hey BP members!Question about the BRRRR calculator. I am messing around with it to see different results and had a question. Example: I buy a house for 100k with all cash, put 20k rehab costs and i put in ARV of 200k....
Account Closed
HELOC to invest in Notes?
I'm considering buying a note or two with a HELOC. Although I'm generally leaning toward secured 1st position NPNs, it seems like a PERFORMING note (either a 1st or 2nd) would be the best way to leverage it.
As long ...
Alison Rodriguez
Cash purchase to cash-out refi
Hiya!I have a property under contract in Hagerstown, MD, a SFH for $94K with an ARV of $160K.I'd like to use a personal line of credit to purchase the property, pay repairs out of pocket (minor) and then do a cash-out...
Olivia Piper
Tax implications of roof replacement due to hail damage
I'm trying to figure out how I should report the roof replacement in one of my rental homes due to hail damage on Schedule E. The rental home was purchased in May 2017 and the previous roof had half of its usage life ...
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Owner Financing Questions
I have a property I will be selling soon and I was thinking of offering owner financing, but not having ever done that before, I thought I'd ask the following questions to get a little more insight into whether this i...
Lacee Beitler
Online payment - Cozy users
Hi everyone!
For any one who collects rent via Cozy (or any online payment processing), I have a question about when the payment processes vs when it's received:
We love using Cozy and so do our tenants, but Cozy ...
Account Closed
Is 5.8% Cap rate ok in Class B area?
Rental property in class B area.Current cap rate is 5.8%. These are not the actual numbers, but is the actual percentage and actual ratio:I invested $x.xx (say invested $59,000). The $59,000 equality has grown to $10...