Hypothetical question?
1. Purchase price 40k
2. 20 % down or 8 k down payment
3. Taxes 1k
4. Insurance 1k
5. Rent 750 month
6. 9k total revenue
7. Net is 7k
8. 7k / 9k = 78 % ROI first year
Question: how do ...
Hi Biggerpockets community,I am interested in a deal that is a 10 unit complex all side by side duplexes. Seller states: Owner will finance on a land contract amortized over 20 years with a $100,000 down payment. No b...
I’m looking for ways to be able to finance a multiplex bldg (~$500k). I’m thinking of looking for a job relating to real estate. Is there an entry level job in real estate with a decent pay (~80k+)? Or do you know of ...
Hi there, I just closed a week ago on a primary residence that is my first home purchase. It is a 4-unit building and I was planning to live in one of those units (per the mortgage contract, I need to move in within ...
Was wondering how much I should raise rent on a property whose value has DOUBLED since the tenant moved in 7 years ago? In those 7 years, I NEVER raised rent, ONCE. Any help would be appreciated!!
Hi there,I am freshly new to biggerpockets and very interested in exploring the opportunities of real estate investing. However, there is a major "roadblock" in my near future as a pre-medical / medical student: the m...
Hi everyone, question around tax deductions for investment properties. We purchased our first investment property last year and just met with our accountant to file our taxes. He informed us we cannot deduct any of ...
Tax implications of a 1031I am trying to understand the tax implications of doing 1031 exchange on an investment property. I have an investment property that I lived in for 8 years and then rented for 5. I will have a...
I have been in a bit of a funk over recently. I currently buy and hold. I have 23 doors all of which cash flow on paper, but don't in reality. I have a budget spreadsheet that I update each year based on previous yea...
Hey everyone,I am a sole proprietor with a steadily expanding buy and hold portfolio. My kids are age 8 (son) and 10 (daughter). As a single dad with sole custody, the kids have always tagged along in some way - somet...