My business partner and I purchased a commercial office building a few years ago with creative financing.

He'll have at least $2k per month in positive cash flow and tons of equity when it's time to find the next home in some years.

I knew nothing about renovations, home ownership, or property management, but I had a vision, determination, and a mentor in my dad.

Verifying last 2 years of rental history very important!

Additionally, it can help maximize renovations and improvements.36.4% of the total depreciable basis was classified as 5-year class life.

Quote from @Eric Gerakos: Michael, why would you invest in UNSECURED note funds when you can buy notes SECURED by real estate that are currently paying 10% for 2 or 3 year interest only terms?

Hi, I would love to hear what everyone's favorite project management software has been in the last year? 

These penalties include:Five years in prisonUp to $500,000 in finesEquity Skimming may also result in Conspiracy charges, specifically conspiracy to commit bank fraud and false statements to influence a financial institution.

However, the average lifespan of companies is 10 to 18 years, so every private-sector job your tenants have will eventually disappear.

My name is James Ive been listening to BiggerPockets for a few years. bought my first house in North Port fl 3 years ago!