However, advice such as you can't go wrong long term paying retail price for RE definitely seems questionable and influenced by his being a realtor.

Its priced a little high but not bad considering all the updates.

I feel really bad that someone who is pretending to be me stole your money and is making me look bad!

Maine is a tenant friendly state, but there are many reasons to evict besides people being bad such as you are going to do work on the property.

Hi Everyone,This is a new situation for me. I bought a 5plex in a nice area, I also live in one of the units. One of my inherited tenants on the third floor is moving out and buying their own home in April. Their leas...

That’s not a bad idea, I may just do it that way.

I can understand the desire to have a great cash flow and high ROI with no $$ in the deal, but I don't see the point in running your numbers based on that goal, and making a decision based on those number.....especially if your real plan is to put 20-25% down anyway......If you can find a place that cash flows well with zero down.....and isn't a BRRR deal, then that's pretty awesome6.5% ROI isn't "bad" .....its just not great.....there are other OOS places that have the potential to do better....but some of them come with a higher risk (lower class neighborhoods etc).

Do they say that about Bankers, Grocery Store Owners, Doctors (well maybe doctors..bad example) plumbers, etc?

Isn’t it a bad idea to have real estate of any kind in a S Corp, too many tax issues??

All this makes it sound like it's a bad Wholesale deal.