Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

I am a business owner running a successful hostel in Atlanta. 

Still under injunctions, but it is likely to be overturned, and you will have a short window to file.

I’d love to hear about any experiences where out-of-state investing has proven to be both profitable and manageable in the long run. 

Long story short if you are worried about the deductible, I would not considering it's meant for a total loss situation.

When I started talking to him about the risks of overleveraging - he claimed to me that there is no added risk to that and that if I had a foreclosure, it would barely damage my credit file, and I’d be able to continue life as normal continuing to get mortgages afterward.A little Google search showed me how that was false - the Lender could sue you, and continue to go after you, even after foreclosing on the property - if they are still owed money on the loan, after seizing your property.

I don't know enough about the start up costs associated with the ATM units but I am generally against businesses that have a short shelf life and here we have one we are fairly confident will be deemed obsolete. 

Hello folks,When running BGC and other reports on potential tenants and having applicants pay for them, do you run them for all?

There’s no real way to create phantom losses without running into issues with the IRS, and you could end up losing important tax benefits.

In my LLC I buy more sub-performing and non-performing notes with investor money, that's my version of the VARIABLE portfolio.