I intend to focus on the BRRRR method primarily, but am open to learning all kinds of other strategies including tax lien deed investing, foreclosure purchasing, and anything else that may help achieve both my short and long term goals.

According to the February 2024 market report from the Austin Board of REALTORS®, the median home price in the City of Austin fell modestly by 2.8% to $543,200 over the past 12 months.

You have 180 days to complete your purchase.I'll reach out via pm with some additional resources including our youtube channel.

Do they have to pay taxes in the US and do I need to withhold anything from them before paying their interests or will they report their gain in their home country and pay taxes there and nothing in the US?

Once your total income (including LTGC) crosses the $500K threshold (which is really about $519K in 2024), then it flips to 20%.   ** Remember @Ran Fridman that you are also likely facing recaptured depreciation taxes (25%) and possibly NIIT taxes (+3.8%) on sale, plus state taxes on income (+4.95% for IL). 

You can typically get in the property with 10-20% down and the rehab budget would be included so you can pull from the rehab budget as you go along.

This might strain the schedule for your project.Risk: Significant financial losses, including the possibility of losing your property in the event that you fail on the loan, might arise from a repair and flip project gone awry.Due Diligence: To make sure a hard money lender is respectable and reliable, it is crucial to carry out extensive research and due diligence before selecting one.Before proceeding with a hard money lender, consider your financial situation, risk tolerance, and investment goals carefully.

However, will this include access to the audiobook...like several other BP books?

I am in the process of evicting someone, but I am unsure how to report the eviction on the credit report along with money owed.

Hi Moshin, unless tax planning is outlined in the engagement letter you would've signed, then that would not be included.