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12 January 2025 | 8 replies
Sounds more like trying to win a popularity contest, aiming to gain votes and likes from people here that also have something against wholesaling.But OK let me play along.Let's fact-check this:OP: "It’ll truly be strange to even hear people and gurus trying to make big money off it."
8 January 2025 | 10 replies
Then, once you incorporate an entity structure, that will play a part as well.Hope that helps!
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7 January 2025 | 22 replies
So if you had 20 of them, you're talking about a huge retirement kicker that you can build.If you're up there higher in age (i.e. 40's or 50's), then the long play doesn't make as much sense.
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4 January 2025 | 1 reply
Long term play would be to either use it as a short term rental or 1031 exchange it after 2+ years.
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8 January 2025 | 20 replies
Our biggest problem is getting her out so we can do a proper rehab 60 days of dead dime waiting for her to vacate is not Ideal obviously.
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30 January 2025 | 47 replies
@Drew Sygityes it only applies to owner occupied properties regarding penalties, that is not 100% correct, there are fdcpa violations as well as potential state law penalties that can come into play that can be very significant.
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7 January 2025 | 16 replies
Same process as always, BG check and proof of income as most of the property owners I deal with require.
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8 January 2025 | 11 replies
@Jeffery Jones As someone who owns 6 single-family homes under the Section 8 program and runs a property management company that manages over 100 Section 8 properties, I’ve learned a lot about the ins and outs of the program—not just the idealized version often shared on social media.If done correctly, Section 8 can be a great way to diversify a portfolio.
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5 February 2025 | 205 replies
Currently, Cape Coral's inventory, new listings, etc are on the decline again.As @Bernard J. implied, I would take a sizeable tax hit if I sold immediately, but again there are a lot of market conditions at play.