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15 February 2017 | 2 replies
Some may depend on your skill set, but from the limited info in your post, I would think you might be helpful working for a property manager or realtor on their online presence or with their online platform for property management or listings.
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15 March 2017 | 17 replies
This platform is amazing, and I have learned so much already.
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4 March 2017 | 26 replies
I got one of my multi families properties to confirm it in a e mail.
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15 February 2017 | 4 replies
But I'll also recommend the intelligent investor as well as the E-Myth in real estate.
15 February 2017 | 7 replies
Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe 10X RuleThe E-MythThe 4 Hour Work WeekBiggerPocketsPodCast -I hear #136 is exceptional!
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25 February 2017 | 7 replies
North Carolina, Tennessee and Alabama have areas with strong commerce in place; Detroit is tomorrow's dream.Just a thought...Good Luck,Tom
15 February 2017 | 2 replies
Those expenses include:RE taxesInsuranceMortgage Interest Depreciation - (amount you paid for house+improvements/27.5)UtilitiesRepairsAdvertisingFor a full list of "usual" expenses, search Schedule E on the web.In many instances, landlords make little to no money on paper.
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16 February 2017 | 18 replies
I appreciate the feedback from everyone, Im working the quit claim deed option now.I hadnt planned on using this as a forum to analyze the deal but since it appears to be the topic of conversation I will share what numbers I used to analyze this property.Purchase 80k with commercial loan 25% down, 20yr, 5% apr (P&I : $395)Per month cost: tax - $80, Ins - $80, vacancy $70 (8%), maint $45 (5%), PM $90Notice no CapEx because I plan on keeping $5,000 in the LLC's checking per house to cover this.Rent $900 based on Zillow, Craigslist and the Basic Housing Allowance for a E-5 (target renter)FMV: Conservative $110k (recently sold houses on zillow average 120k)Cash out of pocket ~25k, Cash flow per month $140 ($1680) => 6.7% return on investment, not the best but better than what my Etrade is doing right now.IF I refinance 80k, P&I - $528, I will be able to pull nearly all my money out of the deal but kill my cash flow.
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24 February 2017 | 17 replies
This means $A for principal, $B for improvements, $C for taxes, $D for insurance and $E for interest.
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16 February 2017 | 2 replies
You issue a 1099 for something that is a line item on your Schedule-E, Schedule-C, or Form 1065 and over $600