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7 February 2025 | 1 reply
One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.
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8 February 2025 | 12 replies
If I act as my own realtor and end up purchasing a property and receive a commission does the broker I'm affiliated with get a piece of that?
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31 January 2025 | 0 replies
Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.
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29 January 2025 | 9 replies
My partner and I keep an excel spreadsheet of rent, our purchases, utilities, taxes, insurance, and money spent on contractors.
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8 February 2025 | 8 replies
Unless y'all have an incredible W2 to help with the purchase, you will not find something that "works" in the Triangle and in a good/safe location.
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29 January 2025 | 1 reply
A seller can not sign away his rights in a purchase or any other document.
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30 January 2025 | 5 replies
For experienced investors who have done 5+ similar rehab projects, I can lend up to 100% of the purchase price and 100% of the rehab on light 1-4 unit rehabs.
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7 February 2025 | 5 replies
You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase) PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.
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20 January 2025 | 22 replies
I also purchased these while residing in CA!
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5 January 2025 | 6 replies
Even if it's cleaning rooms, get a feel for the operations.