I recently acquired a vacant 6 unit building in a very good area (definitely A class) using private money from my investor.I cater to a specific niche market of renters that allows me to charge considerably (~15%) more than market rent for my units.

Using the above example:400K ARV- $192,000 for build- $XXX.XX for utilities- $XXX.XX for admin- $XXX.XX for your wholesale fee- $XXX.XX profit for your builder= Max Allowable OfferI may be way off on this, but I've had a developer tell me he looks for acquiring the land at 50% of the assessed value.

Have you ever sold for $15k or more a property that you acquired by foreclosing on tax lien certificate ?

During that time I've acquired 26 of their investment properties, 2 of which I've sold and made absolute great results on - and all of which throw off positive income from monthly rent collections.

Their price structure was the most advantageous I found.Recommend reading Tax Free Wealth by Tom Wheelwright to anyone considering acquiring properties with a retirement account.

First, if your family member/investor is in the middle of a 1031 Exchange, then he/she must acquire an interest in real estate (not an interest in an entity such as a partnership) in order to successfully complete his/her 1031 Exchange transaction.Generally, this means that he/she would acquire an undivided interest in the property as a tenant-in-common and you would own the remaining undivided interest in the property as a tenant-in-common.Second, you should also give some thought as to what your exit strategy might be for both of you.

Once you have that lined up, you can narrow down what areas you want to acquire in.Good luck.

Each has been a tremendous resource in my goal of acquiring and flipping my first investment property.As it stands today, I received a sizeable cash infusion from a private investor.

For 2014, you will need to figure out your total cost basis in the property in order to compute the taxable profit.For computing cost basis, you will reach back to the point at which you acquired the property in 2013 and total everything up.

I'm contemplating taking a huge leap and trying to buy a house that is already rehabbed and occupied with a Section 8 tenant.Now, obviously I'll need to acquire funding should I decide to go through with such a leap.