Hey guys, I’ve been building a portfolio for a few years of commercial and residential properties, it’s been goin great so far until I feel like I’m running out of cash to buy new ones, currently I’m flipping some properties one at a time to make money to buy more rentals, my problem is when I’m done rehabbing I feel like I want to keep them and rent them out!

Often old houses have some rooms which are not flat even if they appear to be so to the eye.Also, when you are spending money, you want to make the biggest difference for the cost.

Heck probably because he could easily pay off his $700,000 personal income tax delinquency in California in which he is listed on CA's government website as tax deliquent and it was just updated 6/6/24.They want to charge me with extortion for telling them to make the situation right, to not rent that house out to anyone else before making repairs, and to give me a portion of my money back for the rented house or I wasn't going to let up on reviews.

This will make tax time much easier. 

For taxes, I have a small notebook where I keep track of rent, strata fees, insurance, repairs, etc. 

Also find out how to file a judgement for outstanding rent-you'll likely never see the money, but if you can get it attached to his credit score, that would be good.

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

I’m thrilled to introduce myself as a new agent in the Los Angeles area and joined BiggerPockets to make more connections, friends and most importantly to learn what to do with my money when it comes to investing.

Nothing wrong with being a private money lender.

You still need to put at least 10-25% down depending on experience for a hard money loan.