@Keanalyn Wolford buy deals that need minimal repairs to get rented that still meet the 1 percent rule...I also like BRRRRS as well

The group notes that the Austin area remains one of best places to live in terms of cost of living — about 4 percent below the national average and the fourth most affordable market among the 20 metros on this year’s index.Powerful data and also worth mentioning that Dallas / DFW are took number 2:Sandwiched between Austin and San Jose in this year’s ranking is Dallas-Fort Worth (No. 2) and Raleigh, North Carolina, (No. 3)

@Kyle J.I ask this because I went to a sheriff foreclosure auction, and the defendant that was being foreclosed on gave himself a lifetime lease of approx $1 a month for the rest of his life before the foreclosure went into effect.

What is the magic percent for flipper?

@Justine AdeSome of the expenses seem high.Property management at 9 percent Monthly leasing fees.

I formed and LLC to start my rental investing process and was curious how taxes would work.If i leave 75 percent of income in the LLC, do my personal taxes get taxed on the 25 percent?

Communication and reputation are key to getting deals accepted. 9 out of 10 deals use agents according to title company records, and FSBO/off market deals without agents involved are actually where the majority of litigation occurs, because they're often a complete mess, so I think anyone saying agents aren't needed is living in Lala land personally.Most that say agents are not needed are knowledgeable investors and they probably dont need an agent.. but the civilian buyers out there who may do this a few times in a life time have no clue.. they dont know what they dont know. 

@Anthony Angotti I agree 100 percent with your answer!

@Brandon FischerFYI, lifetime gifting is tax exempt up to $11.58 million for 2020 and for married couples double that.

To put it in some perspective, an increase of just 50 basis points (half a percent) would drop your cash on cash return on a typical $129K property in Kansas City by 1.5 points.