Investment Info:

Small multi-family (2-4 units) buy & hold investment in Galax.

Purchase price: $209,000

Cash invested: $37,500

Contributors:
Amanda McKane

This well taken care of...

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Galax.

Purchase price: $209,000

Cash invested: $37,500

Contributors:
Amanda McKane

This well taken care of...

If you had an inspection maybe you have some recourse there.What were the COO requirements for the town? 

There's not much content here and the guys in my town that have the brain capital ain't talking much.

We could also afford a nicer property in a better part of town where I believe there is more potential upside on appreciation than areas we would be able to afford if we run it just my wife & I.If we didn't do an LLC could we just put it in our names and still split?

@Alex Appolonia I'm sure there are others here who have more detailed information on this, but in case no one responds, I can say this is an evolving area and your best bet is to contact the Narragansett and South Kingstown building officials.I know that in Narragansett regular rentals require an application/permit and it seems that short-term rentals do too but I can't seem to find the form for that on the town site and it may still be in-progress so I would recommend calling them.

Investment Info:

Condo buy & hold investment in San Diego.

Purchase price: $371,000

Cash invested: $50,000

Purchased an outdated condo to rehab and hold.

What made you interested in inve...

This would be news to most of us I think.....small town in Florida.

She owns a property/ small house on .39 acre lot in small town North Texas, we'll be tearing it down as it's dilapidated and unsafe for her to live in.

Essentially, you drive around looking for uninhabited homes or rundown ones, look up the tax records free on the town/county website, craft a letter with your intent to purchase the home, and mail the owner directly.