Put simply...I've seen turnkey sales that were done terribly in terms of rehab, weren't in great locations, and had tenants that were paying over market rent (to make the numbers look good). 

Has anyone had experience with a sheriff sale and why are they different from a foreclosure.

Do I need a purchase and sales agreement if I have an off market deal that the person wants to hold off selling till February?

I understand I lose my collateral upon sale of the property.

Yes, we are currently doing spec builds in our market, for market sale.

Here are a few simple and free ways to learn: Go to real estate meetup groups, attend open houses and speak with the agent there, inspect FSBOs (for sale by owner), walk your area, and speak to people tending their yards.The idea is to engage with other people and ask, Ask, ASK questions about their experience with the local market.Some other ideas: find a home inspector who will let you tag along in a property inspection, and absorb what they are looking at and why.Your mindset and enthusiasm for learning about real estate will open many doors for you.Good Luck!

Currently FHA is offering no doc short sales through 4/2025, so you wont even have to provide any financials to get your short sale  approved.

Purchase price: $326,000 Cash invested: $19,900 Sale price: $460,000 Basement was already set up as another unit, so I bought furniture and converted it to an Airbnb while living upstairs.

The restaurant currently does over $1 million in sales annually, and they’re only open 5 days a week for dinner.

Let's jump right in.The Power of Short-Term Rental Tax Strategy:Short-term rentals offer a unique opportunity to offset your W2 income with real estate losses, thanks to an increasingly popular STR tax loophole.