Im reading that laundry mats can be very profitable and it sounds like you were successful - what made you get out of that business?

Spill the beans.... what did you get it under contract for, what did you sell it for, what was your profit? 

I have a portfolio of four units (comprising two duplexes) near the University of Illinois campus, which have been profitable over the past seven years.

Hi Luke, an education expense is a deductible business expense only if you get the education while your working in a business with a profit motive. 

This helps reassure LPs that they will see some returns before profits are shared, giving them a bit more security.

Below are our total profits and information from online listing companies to verify the numbers.

This is largely all profit since we're doing the build all-cash and no plans to refi.You may not have STR options in Berkeley but could you run it as a mi-term rental?

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Purchase price – 95,000Closing costs at purchase & sale - $6800Total renovation costs $21,935Sold for - $173,000Total profit – $49,265https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

Is it risky , yes, is it profitable, it can be very profitable, but learn how to reduce your risk.

If you sell now you won't be paying tax on that profit!