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7 September 2016 | 3 replies
Note - If you are looking to invest the proceeds you could look into a 1031 exchange will defer all Federal taxes to a later date and allow you to purchase another property with the proceeds.The best thing to do in your situation is to do a little research and talk to an accountant.
7 September 2016 | 4 replies
Though - the main reason people use the BRRR Strategy is because it allows you to do a "no or low" money down transaction.
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7 September 2016 | 5 replies
I've also heard that sellers have went to the banks to get an approval to allow a sale via Land contract.
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9 September 2016 | 4 replies
It's probably better to work on a 4-6 year timeline too which allows you to adjust after hopefully reaching your goals.
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7 April 2017 | 22 replies
My personal view is as follows: I am not a professional, so I don't deserve to be paidI am learning new skills that will/have allowed me to better negotiate with professionalsIt was a great teaching opportunity with my kids.
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30 March 2017 | 6 replies
This allowed me to negotiate directly with the seller and avoid middle men.
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9 September 2016 | 4 replies
-Pet rent Depending on your building you can add income by allowing pets and charging for them.
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11 September 2016 | 14 replies
We add dishwashers, central HVAC in everything we rehab, and try to add some other nice feature when budget allows - full fenced in yard, for example, or nice storage shed, something like that.
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8 September 2016 | 2 replies
In general you are not allowed to charge two people rent a the same time.
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16 September 2016 | 50 replies
Anyway, a local lender should allow you to do the same structure.