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7 February 2025 | 0 replies
If I were to purchase an Airstream to use as lodging while I travel across the US to my rental properties, make repairs, and perform lease turnovers, would I be able to not only deduct fuel and campground costs but also depreciate the purchase price across 5 years?
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18 January 2025 | 1 reply
So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.
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28 January 2025 | 14 replies
We network with other fix & flippers teaching them how to properly structure a seller financed note so that it has value on the secondary market, we then buy a partial from them to take out most, if not all, of their cost basis so they can recapitalize and go do another deal.
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4 February 2025 | 9 replies
Quote from @Quan Pham: I'll give you the easy answer: sell.If you were fired up about owning an investment, I would recommend keeping the house as a rental.
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30 January 2025 | 3 replies
Evaluate Property ConditionOlder Chicago buildings often have charm—but may come with hidden costs.
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22 January 2025 | 1 reply
One of the first deals I had (multi in an up and coming area) my buyer was paying cash and the deal was solid.
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5 February 2025 | 1 reply
How much did the rehab cost and how long did it take to complete?
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27 January 2025 | 6 replies
I would set up calls and then sit in and listen, every day, typically a few times a day for around 6 months.
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6 February 2025 | 3 replies
You can start to educate yourself on the individual components; how much does it cost to paint on a per sqft basis or what is an average kitchen remodel.
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3 February 2025 | 27 replies
It also saves you some costs, which is helpful when you’re just starting.