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20 January 2025 | 22 replies
Since seller-paid fees usually cover their services, you get local expertise without additional expenses.Final ThoughtsLive where you like, but invest where you can achieve financial freedom.Out-of-state investing has proved to present excellent opportunities.
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4 January 2025 | 20 replies
.* Additional Charges: Jenny requested that I deposit on her checking account an additional $20-25k for her to purchase furniture, which I refused because I thought it was very strange, opting to give my card # instead.* Work Quality: Jenny never showed up to the house, she sent 2 people instead, she never mentioned she would not show up herself, she never asked for approval to send two others instead, they did not complete the job, and there were multiple unauthorized charges on my card.* Receipts and Expenses: Once I brought to Jenny's attention that we were 20k above budget, she refused for days to give me the receipts, saying that I needed to give her my credit card statement first.
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12 February 2025 | 27 replies
Quote from @Drew Sygit:My apologies w/my earlier post (below), I was on my phone and not laptop so it wasn't tagging.I will if I may add some additional thoughts...1) The appraisals I've seen in these markets are no where near Zillow estimates.
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3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.
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17 January 2025 | 23 replies
Man, just in 3 years if you have the tenant leave every time, even without the negative cashflow, that alone can cost you an additional 20 or 30k.
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6 January 2025 | 5 replies
I would appreciate any insights and additional things I may be missing.
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6 January 2025 | 2 replies
Keep existing and add an additional -~2000 sq feet 3.
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12 January 2025 | 7 replies
Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.
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23 January 2025 | 24 replies
So additionally, that there's only 30 days to close and it eats up time for an inspector to schedule time to come.Do you allow inspections of your contracts?
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9 January 2025 | 15 replies
The loan officer didn't care about the LLC, just said there would be additional papers to sign.