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5 February 2025 | 0 replies
Purchase price: $68,000 Cash invested: $70,000 Sale price: $195,000 I purchased a long-term rental property from the MLS that had multiple contractor issues and significant delays.
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17 February 2025 | 9 replies
I bought it, lived in it while rehabbing which I did multiple times and added a few rentals into the mix.
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8 February 2025 | 13 replies
Do you even know why investors create an LLC, or multiple LLCs?
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5 February 2025 | 10 replies
Take your time and really think through your purpose and perspective before making a move.
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30 January 2025 | 0 replies
Successfully acquiring, renovating, and selling multiple distressed properties can significantly boost your returns, but it also comes with its own set of challenges.
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7 February 2025 | 3 replies
There’s usually not more than one investor with interest in any parcel so there’s is absolutely no incentive for the investor to pay a “wholesaler’s fee” in this scenario.In the scenario where the land is ready for development, and the economic conditions make development a profitable activity, the land owner has already been approached by the developer or multiple parties with offers to purchase.
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16 February 2025 | 9 replies
If someone came to me looking for money and was trying to invest across multiple asset classes as different as the ones you are interested in, that would leave me extremely weary.
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16 February 2025 | 27 replies
@Tom S.1) Under the IRS multiple loan rules there is a 12 month look back period (see reference to 12 months in the IRS post) whereby the highest outstanding balance of any loan during the prior 12 months will be considered outstanding for purposes of calculating how much you can take on a subsequent loan.
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3 February 2025 | 8 replies
Both from how you want to structure your rental property business and how to handle things from a tax perspective.
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13 February 2025 | 7 replies
As a lender, I see multiple parties signing a mortgage all the time.