Whether it’s problem-solving on the fly, handling difficult conversations, or simply staying calm in the chaos, these experiences are shaping me into a better landlord—and, hopefully, a better person.Real estate isn’t just about turning a profit.

But if you buy an already profitable business it will cash flow from day 1 and you can grow it from there.Buying a business is easier than building one.

Our fees are not based on the profit or value of the project. 

If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.

The IRA will buy the property and own it, so the rents and profits must go into the IRA.

. $600 a month chances are they could rent it and make a profit and if it doesn’t go up as much as they were hoping they could simply give the house back to you in seven years.

A 1031 exchange is NOT available for owner occupied property so that’s the bad news.The good news is for owner occupied primary residences, for married couples, the first $500,000 of pain is tax free.No need to worry about a 1031, live in the house, sell it, use the $500,000 exclusion and you pay KP tax on whatever profit may exist,2.

This made the overall appearance of the property much better and allowed us to re-sell for a profit.

What strategies or flood mitigation measures worked best for you to ensure long-term profitability?

MLS is priced aggressively and nets no profit (flip) or cash-flow (BRRRR) unless you low ball.