With some staging and paint, we were able to sell our previous personal residence at a small profit, and use the profit to leverage 3 more properties: 2 as investments, and one as our (downsized) personal residence at the time.

How should I split the percentage of profits in a scenario like this one?

I've been following some of the larger sponsors and syndicators that have announced plans to launch a QOZ fund with great interest and have listened to several webinars.

Very often I meet real estate investors who chose to go with a $200 tax return filing accountant who costed them thousands and tens of thousands of dollars in mistakes like miscalculated depreciation, missed deductions, miscalculation of capital gains when selling the property and so on.I understand you don't want accounting fees to eat all of your profits, but I simply encourage to factor what you're getting from your accountant, weigh it against the price and find the combination that works for you.

I'm not currently interested in making any direct income as of yet and any profits would be saved for future real estate endeavors and cushion for repairs/maintenance.

Hi all.First let me introduce myself.My name is Victor, I have been living in the Austin area for 10 years now, originally from Spain.I bought my first home in Austin in 2009, and sold it for a good profit in 2013, when I married, to buy another home with my wife.Ever since, I have been wanting to invest some money in real state, mostly to avoid just having cash seating in the bank, and build some equity for the time when we retire.At different times we have looked at different types of properties, but for one reason or another we would just stop looking for a while and then start over again.Just a few months we started looking again, I wanted to find some investment property that provided some positive cash flow, but after talking with some friends, realtor, mortgage broker... it seemed that it could be better to find another property to move to, and rent our current home out, since we got it at a good price in 2013 and should get a good rent.Now, while looking for that, I found a house I thought had good potential with some renovations, and long story short, we ended up in a contract to purchase it.

They have accumulated a larger down payment through additional option payments or credits over the lease option term.4.

Great cashier flow but no financial records due to previous owner running it as a non profit, sorry selling as non performing asset.

If you’re looking at buying larger multi-family, I would take your realtor hat off and deal directly with the listing broker with getting your commission. brokers want to “hog” the deal and will likely not favor you as much if your expecting a commission and competing against others.

You spend your profits ONLY...and use(invest) your seed money to infinity...and beyond.