Networking and relationships will be critical in helping you go from one level to the next in this business, so get out there and meet likeminded people!

As we all know, there is no point finding deals if you have no one who may be interested in them.I am reaching out today to hopefully find some people on all levels of experience in investing, that may be interested in hearing about the deals I find.

What are the strategies you use to get the low rents to go up?

It's a traditionally very low income neighborhood.

Hello BPToday I'd like to share a recent closing we did this summer in mid town Savannah GA bread and butter entry level home.  

I spent a great portion of my life in school and as such lost out on a lot of financial/investment opportunities since I was in school or in low paying jobs in order to gain experience.  

I have rehabbed the unit with laminate/tile floors, new kitchen cabinets, etc... is it worth it to go to the next level with the rehab (crown moulding, custom shower, etc..) in this area?

Capital gains tax rates depend on your income level however, an IRA distribution and the depreciation recapture are treated as ORDINARY income. 

I wouldn't use a number that low for a 3/2 house much less a 10 unit building.How about 3k-6k per door as an estimate then adjust from there after more due diligence.

There are conflicting regulations as to the exemption of 2 or 3 deals by a seller and these may or may not apply to dealers in the business of real estate, so check again at the state level and to assume on the safe side, go with 2, not 3.