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6 February 2025 | 2 replies
Purchase price: $125,000 Cash invested: $120,000 First try at turning a single family home into a duplex while going through the permit process for the first time.
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6 February 2025 | 2 replies
Purchase price: $88,000 Cash invested: $25,000 Sale price: $179,900 I got this deal from an agent who was initially going to list it publicly but thought of me first.
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24 January 2025 | 8 replies
Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase.
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5 February 2025 | 8 replies
Buy: $284,900Rehab: $115,000Holding: $16,500 Points: $3,413 Selling fee: $30,000Insurance hold: $2,000-$2,500 (maybe get back $1,000-$1500 if you close quick)Other title/escrow purchase: $2,500ARV: $500,000Profit: $46,587 (9.25% approx) I would do the deal, especially if you get that gap for rehab closed 3-4 months and tighten up the rehab costs too ($100,000)
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26 January 2025 | 5 replies
So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.
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5 February 2025 | 1 reply
I'm 53, married with 2 kids less than 17 years old with debt only from purchases on credit cards and my home.
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6 February 2025 | 0 replies
Purchase price: $645,000 Cash invested: $60,000 Two Unit property with lots of living space3000 sqftOne parking spotBrand new kitchen addedW/D in both unitsGood for Long term / Mid Term / Short Term What made you interested in investing in this type of deal?
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4 February 2025 | 3 replies
You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase) PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.
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5 February 2025 | 1 reply
Purchase price: $125,000 Cash invested: $65,000 Sale price: $250,000 Wish I could have held onto it but needed the money to fund future deals What made you interested in investing in this type of deal?
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30 January 2025 | 4 replies
Where the SBA 7A can be used for all parts of the purchase and is generally Prime+ 2%, 10 years, the 504 (bricks & mortar only) is generally Prime -2%, 25 years.