In the last 2 months I was receiving a lot of deals in my email account and I received a "great deal" from a small wholesaler; 2 hours later the same property address showed up in an email from one of the "big wholesale companies" 10k dollars more expensive... the property was gone even before I could call the small wholesaler.I believe both are useful and all of us need to make a living, so I understand their role in this business.

I've seen a lot of talk about house hacking and while I believe that I understand the list of it, I'm just not confident to start.

This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.

Completely understand.

The Midwest offers good cash flow potential, and Cincinnati stands out for its diverse economy and solid quality of life in an affordable market.I just wanted to share my experience to show that turnkey deals are still possible.

Hi Chris, if I understand the transaction it sounds like you will receive a 1099-S for the full amount.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

You can grow your portfolio, maintain manageable risks, and still see some solid returns.

I understand from a point I suppose.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.