As a new note flipper and new note investor, I've gotten my 1st note flip deal under contract yesterday w/ my note buying instructor & mentor Donna Bauer that is secured by a property in TX.

This could be a useful strategy if you need more time to negotiate a good price for your current property.Exploring Financing Options: Given the higher interest rates in 2024, securing financing for your replacement property can be a challenge.

Hello, newbie landlord question here: Is it common to require first month's rent, last month's rent, and a security deposit for new tenants?

So, for example if a tenant was giving you a specific type of issue that was not clearly covered in the rental agreement you simply add it with 30 days notice and then evict for breaching the agreement.

There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷‍♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.

Secured by Deed of Trust.The property is a manufactured home attached to land in Southern Colorado.

@David Georgeson New security systems and some cameras have built-in wireless.

I like to rent to people with security clearances for my properties in NOVA. 

If you have recent rehab experience (typically within the last 12-24 months) then you typically can secure better terms.

Examples of qualified improvement property include improvements made to the interior of nonresidential real property, such as HVAC systems or alarm and security systems.We refrain from making direct recommendations on Section 179 because we believe this decision is best made by the CPA, who completely understands the client’s overall tax situation.The decision to elect Section 179 is deeply tied to broader tax implications, including other deductions, income limitations, and future business planning.Your CPA has a holistic view of your finances and can help you make the right choice.TLDR:* Section 179 is a powerful tool for business owners and real estate investors, allowing immediate expensing of qualifying assets in the year they are placed in service.* Annual limits apply to how much can be expensed, with the 2024 cap set at $1,220,000, and investment limits that start to phase out when more than $3,050,000 of property is placed in service.* Not all property qualifies for Section 179.