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4 February 2025 | 10 replies
For example, in my state PA there is an inheritance tax and many TAX auction properties originate from people passing away and the heir(s) not taking control over the estate and paying those property taxes.
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28 January 2025 | 4 replies
We only needed to pay earnest money and a portion of the closing fees bring upfront investment to 12-15K.
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3 February 2025 | 11 replies
Quote from @Ricardo Lemus: For a newer investor, a good investment is a property that pays for all expenses with some cash left over.
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7 February 2025 | 15 replies
We just helped an investor buy a side-by-side duplex for $110k, pretty turn key with tenants in there paying $825 a side.
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26 January 2025 | 15 replies
I use all the rental cash flow to pay these loans off asap, then repeat.
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8 February 2025 | 10 replies
As others have said, hard money is not free - you're paying interest every month on the balance until you pay it off by refinancing, and if you can't refinance to cover the full balance is obviously still due.
10 February 2025 | 3 replies
Also never pay any upfront fees and go with a trusted lender who closes through a title company.
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4 February 2025 | 2 replies
Use Real Estate By the Numbers as your guide, make sure it tracks the loan pay down and depreciation and have all of those numbers pour into a Schedule E.
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3 February 2025 | 26 replies
I take the approach of the investor pays me a fixed fee to learn this on their own so they never have to pay me again if they don't want to.
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7 January 2025 | 8 replies
Now, you need to figure out how to find deals and pay for them.