Hi, I’m a new investor looking to purchase a multi family property in the Metro Detroit area.

My fiance and I intend to purchase at couple more, we love NC!

We avoid escrow holdbacks for distressed properties and instead reduce the purchase price.

Considering the purchase price in 2022 of 32k, and my additional costs so far of 27k for  new roof, new septic, major electrical repair, AC repair, garbage removal, lawyer fees, and lots of miscellaneous, that puts me at 59k so far.

Hi Everyone,I'm looking into purchasing a short term rental in South Lake Tahoe.

I purchased a property in a Del Webb 55_ community, with my parents in Indio CA, 3 years ago.

. - Purchase Price $38,450-Full Rehab $75k (roof, interior/exterior paint, new kitchen, new bath, new floor, new appliance)- Add full bath $25k (88 sq ft) is the option/decisionAs far as cash flow, here is are the two options....- 3/1 would be...

I was thought to use a letter of intent letter to obtain the house.Is this all you have to do and that bypasses the purchase agreement or do you need both?

It’s my understanding it’s very hard to meet reps status working a w2Also I believe once you get above $150k basically you lose any benefits of reps status I think I will be able to qualify for the STR re status if I run the cost segregation when I purchase the house. 

Currently transitioning my focus to finding an affordable buildable lot to purchase outright then going the Private Money lender route for our first build.