7 June 2018 | 13 replies
Lower income areas have unique challenges other areas don’t have .

7 June 2018 | 4 replies
The trust rates were reduced slightly with the 2017 tax law, but not nearly as much as the corporate rates.2018 Estate and Trust Income Tax RatesIf taxable income is: The tax is:Not over $2,550 10% of taxable incomeOver $2,550 but not over $9,150 $255 plus 24% of the excess over $2,550Over $9,150 but not over $12,500 $1,839 plus 35% of the excess over $9,150Over $12,500 $3,011.50 plus 37% of the excess over $12,500Because of the new corporate tax rates, the use of a UBIT Blocker corporation may now make sense for those investors wishing to regularly engage in UBIT exposed activities such as house flipping.

5 April 2019 | 17 replies
Anyone who isn't investing in Detroit now, I encourage them to continue to invest in the areas they are (more for us).Here is my track record of deals-(open challenge to anyone to provide better returns per $'s invested, no takers to date)https://docs.google.com/spreadsheets/d/1_b5hu-UrEB...Here to discuss your flip strategy at your convenience.

14 June 2018 | 24 replies
This can be a partner or a reliable property manager (it's a challenge to find one but they do exist!).

13 June 2018 | 6 replies
Some is, some isn't - so If you're serious about getting "creative", you really need to come up with a solid biz plan and consult with an attorney who can help you to put yourself in a defendable position with whatever strategy you come up with / engage in.

8 June 2018 | 2 replies
Realized I needed to stop just reading/learning and start engaging the community and taking action if I wanted to grow faster.
11 June 2018 | 27 replies
Are you all, by your silence on this subject, saying that here in 2018, that none of you actually know enough about this topic to engage?
16 June 2018 | 3 replies
When I moved across country, for example, I used the rule that if it didn't fit in the trunk of my car, I didn't take it with me.When I research the Tiny House, I find zoning challenges.

30 June 2018 | 4 replies
You may find many property management companies are found as arms of real estate brokerages.I did my own management for a while early on when I had only a couple of places and it was nice to learn what the day to day challenges were.

11 June 2018 | 9 replies
Not trying to discourage you from these type of deals, just want you to be mindful of the challenges you could face coming from my experience and the many investors I personally know.AssumptionsDownpayment: 20%Closing Costs: 3%Amortization: 30 yrsInt Rate: 4.3%Materials: 8% (plug)Maintenance: 8% (plug)Capex: 10% (plug)Makes sense: Purchase Price @ $160k* I hope this helps and makes sense.