You live in it , grab a few roomates , bank some cash , when a deal happens , buy your second property . 

I just hope I don't have to deal with any of these girls tossing each other through walls ;).  

Well, the Managing Member, the SOB, upon a receiving a large capital gain from sale of property [a §1231 gain] took the unusual and selfish step of grabbing most of the proceeds [damn the OA], and for good measure allocating a lot of gain to Members [again, damn OA].  

I'm new to real estate investing and have been looking to buy my first property for the past 3-4 weeksI have roughly 120k (not all of that I would like to use) to put towards an initial investmentI found a property that I would like to get for 325k that is in ROUGH shape, basically every room and property needs a lot of TLC.I'm getting a 2nd GC to come and look at it but I'm estimating anywhere from 75k-100k in rehab costs to really get it updated.It's a 4/2 with the potential to be a 4/3 or even 5/3 with some creativity of the attic space. 2750sqft with a beautiful pool area and big backyard in Central FL, 15 min from Disney.The girl that has the property wholesale is saying the ARV could be anywhere 550k-600k but honestly, I don't see that number being accurate looking at comps around within a mile or two, and I really need an expert evaluation on this deal but don't know who to go to.I would love someone who has experience doing BRRRR or fix and flips to look at this property/deal and be able to say "this is a no go" or "you have plenty of margin to make this profitable"Any help would be super appreciated!

I'm a chemist and educator, but currently working part time while I decide if I want to make a real job of this real estate thing.We are both total math nerds (he's in finance as I said, I'm more of a calculus girl).

I had a group of teenage girls rent the home when Taylor Swift was in town.If you want to discuss Detroit, I'm happy to do it.

@Bill Bouillon  @Katie Funk I agree with Katie, talk to a (good RE lawyer or RE CPA), even if you grab just an hour of their time. 

Instead of going out with the boys on Friday night grab a six pack some burger and for 20$ you can have a great night.

Hi all, Been listening along to the podcast and finally grabbed one of the bigger pockets audio books and thought this would be the next logical step! 

I would be happy to grab coffee and see if there's a way we could help.