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10 February 2025 | 16 replies
I paid tax on it and mowed it about every 5 years so maybe put 10k into over the years.. deductive reasoning suggested city does not build and full blown interchange to go to nowhere.
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10 February 2025 | 10 replies
Even at $2200 I don't expect to get a positive cash flow for the first year, but that's okay as long as I rent it out and learn from my mistakes for my next investments.
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10 February 2025 | 22 replies
Read my book, Brandon's book, or Every Landlord's Legal Guide by NOLO and learn how to proactively manage your property well.
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6 February 2025 | 6 replies
Definitely a very expensive lesson learned, need recommendations for a reasonable priced, good contractor please?
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7 February 2025 | 2 replies
You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.
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4 February 2025 | 3 replies
could be just like a regular deal, but if you're up for pitching, presenting and educating a seller on the tax and other advantages of seller financing, you just might turn it into a seller finance deal.
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27 January 2025 | 6 replies
Consult your local CPA to calculate accurately and minimize your tax liability.
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10 February 2025 | 12 replies
All-In Costs & Profitability-ARV: $450K-Purchase Price (financed): $170K-Repairs: $150K-Holding Costs & Financing: ~$20K–$30K (insurance, taxes, utilities, interest, etc.)
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19 January 2025 | 46 replies
That said, here is what I've learned.1.
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23 February 2025 | 9 replies
On top of that you have lower taxes, insurance and a lack of HOA's.