In my case, I wasn’t sure my land qualified because it was essentially my back yard, but because it was always a separate lot from my house, I was able to still do it because raw land without improvements on it is always considered investment property.

Let someone else buy the fringe areas and improve them first.To be direct, I can't imagine an appraiser using 5-year-old comps.

Your profit is the difference between your adjusted cost basis and your net sale.Adjusted cost basis is your cost of acquisition plus any capitalized improvements minus depreciation.It is very possible that you could sell a property you have refinanced and generate no cash at the sale but still have a big tax bill because you sell it for more than you purchased it for.

The city also seems to have many improvement plans in place to make the area more walkable and safer for citizens to freely navigate the downtown area and support local business.

We are getting ready for a comprehensive lease document update and it's an area I think we might be able to improve in our current documents.Thanks!

I’m always looking to improve my process and would be happy to share some insights I’ve gathered on deal evaluation and contractor management.

But as some one who was raised in this business has owned 3 brokerages I can tell you that only 10 to 20% of agents make 80% of the revenue wash out rate is high.. with Wholesaling I suggest that only 5 % who try it are still doing it in a year and in any given market there will be a handful of wholesalers that do pretty good to very good the rest just trundle along now granted if they make 50 to 100k a year in the mid west and were used to making 20 to 30k in their JOB this is a big improvement over where they were at..

Purchase price: $18,750 Cash invested: $15,000 Purchased old house frame on 1/2 acre, intending to improve it and sell it.

I also invested in improvements: new roof, water heaters, other major appliances, and a kitchen renovation.Now, my situation has completely shifted.

.- NOI Growth: From $603K to a run-rate of ~$1M within the first 12 months, marking a 73% improvement.