These were investments, the value of the assest are there, its the liquid that ran short and had to resort to credit cards to fix up the propertyYou spent $50k from savings, borrowed $50k from a 401k, and are paying it back over five years at around 7.5% interest, then borrowed another $40k from credit cards and are paying that back at around 8% interest, maybe more.

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This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

I love this architects designs for cottages and pocket neighborhoods, but this concept is something entirely different.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Quote from @Dean Halpin: Thanks for sharing.

Looking to connect with like minded individuals that I can learn from and possibly do business together.

Quote from @Reabetswe Katlego Pitso: Hi, I am Reabetswe from south Africa.

@Pranita Maldikar From your report, it appears you're looking to put $119k down on this property, is that correct?

I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.