Purchase price: $460,000 Cash invested: $50,000 Renovated both units, buy & hold.

If you want to make a bigger business out of management, then I would maybe drop it down some to get the client on board.

Purchase price: $420,000 Cash invested: $5,000 Sale price: $460,000Owner occupied, received multiple offers which we decided to sell opposed to hold

I am planning on purchasing another property this year but not sure exactly when.

I have some telling me that I can do minor repairs on the property and use a credit card to purchase materials (HVAC Filters, caulk or even paint) and my IRA can pay the credit card directly (keeping it at arm's reach).I also see where this interpretation of services versus repairs could be considered a "Grey" area and I am just looking for something that turns it at least a little darker.

I have a feeling Brie Schmidt might see this, so thanks again for the incredible amount of help during that purchase and my beginning as an investor.Quick background: I work in tech (remote job) with a good W-2 income and have lived in the northside of Chicago for 17 years.

Hello, You should really talk to an accountant about how to set it up for your best practices, that said we ran into an issue this week when we were working on an SBA loan for a client, and because he owns all his properties in his personal name, we couldn't use his rental income to get the SBA loan. 

Purchasing a property with "next to nothing" out of pocket means you would need to find an exceptional deal. 

I invest OOS, where my risk tolerance is the lowest and may end up purchasing a lower priced property well within my budget where I can cover any vacancies/emergencies using my own capital.

Most properties over there get snatched up really quick since they are in good school districts with low purchase prices and you don't need to do super nice finishes to get top of the market rent or ARV.