I have around 8k saved up and my goal by the end of the year is to close on my first rental property!

The property was appraised at $846k so we got a decent bit of cash back out at closing and are rapidly making our investment back.

Everything on my side was set to close, and then today the seller is refusing to close on Monday as they have not moved a few pieces of furniture they were supposed to get movers for.

Net Sale - This is the contract price, minus the closing costs and commissions.Net sale - adjust cost basis = net gainOnce you figure out what your net gain is then you can subtract state and federal taxes from that figure.

I have had some trouble scheduling between inspectors and wholesalers due to various factors such as contrained times to visit, houses still being occupied, fast closing times, etc.

I can be patient, but I like to take action quickly.If I were to save for a decade (reserves + downpayment + closing costs), would I have been better off acquiring out of state properties or essentially being a bit of a slum lord to scale my portfolio faster to build equity?

I just recently closed on a deal with my client that is in one of the desirable school districts here in Columbus Ohio!

After closing on the NNN property, you can transfer it to your LLC for liability protection.

Originally posted by @David Waite:After looking into Fund IV closely and even getting money ready to move over to ODC for IV, I decided against it.

All residents but the smokers have lost use of their balconies and keep windows closed now.