
1 January 2025 | 4 replies
However, everyone involved would need to meet the IRS requirements for a 1031 exchange.Finally, regarding transferring an individual property from the partnership to a member directly, this could be tricky.

30 December 2024 | 1 reply
I FOUND THIS DEAL THROUGH WORD OF MOUTH I WAS TELLING DIFFERENT PEOPLE IN MY CIRCLE I WAS READY TO BUY AND LONG BEHOLD A BUDDY OF MINES WHO IS A REALTOR PRESENTED ME THE DEAL AND LET ME MEET THE OWNER WE HAD A GREAT CONVERSATION AS HE TOURED THE PROPERTY WITH ME HE EXPLAINED HE HAD HIGHER OFFERS BUT BECAUSE HE SEE IM A YOUNG GUY DOING THE RIGHT THING HE REALLY WANTED TO SELL IT TO ME AND THE REST IS HISTORY !

1 January 2025 | 12 replies
A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

28 December 2024 | 2 replies
Like Jonathan said, in-person meetings with other investors is the best place.

1 January 2025 | 8 replies
I was under contract for a property, and the financing fell through due to the property not meeting the lenders requirements and not being sufficient.The seller is trying to keep the EMD as I have signed and requested the mutual release.

10 January 2025 | 28 replies
If so, and it’s not in your home town you might consider living in the dorms the first year while you meet people and use that time to scout out the area and find good places to buy your building.

28 December 2024 | 8 replies
I began inviting them to online zoom meetings I would hold with brokers, agents and investors... friends I had made along the way, where we would just talk strategy, loan types, current market trends etc.

5 January 2025 | 39 replies
Good tenants can significantly reduce vacancy rates, turnover costs, and maintenance expenses.Many property managers I know are quick to fill vacancies, often asking, "Do they meet the minimum requirements?"

30 December 2024 | 5 replies
Starting a property management company with my brother and my dad was a mix of teamwork, trust, and family dinners doubling as business meetings.

8 January 2025 | 34 replies
Get a system down to quickly filter out the deals where the numbers don't meet your criteria.