Is this property a good long-term hold to get you tangibly in the direction you want to go or should you sell and buy into something bigger or different? 

I have not had any success with finding any forums talking about this if you could please point me in the right direction

My first one i was in a basement type setting i thought i was going to be in a fancy hotel before i got there the guy i was in contact with misguided me the directions so i was already off to a bad start, then i told him what i wanted to get into and i said wholesaling and flipping but this event all they spoke about was a lot of the legal stuff and how to get loans and use other peoples money no money no credit never explained much else, so i didn't really find anything out of that.

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

You may need to direct mail owners, or go to meet ups to find wholesalers.

Also trying to understand section 179 and if this property would be included.Connecting with a professional who could get me pointed in the right direction, and perhaps reading material for non professionals would be helpful.Nick

View report*This link comes directly from our calculators, based on information input by the member who posted.

The direction will certainly help with my endeavors.Thank you for the warm welcome!

We are not affiliated with roof stock directly, but we met a representative and wanted to try out the platform. 

You need to approach the service provider directly.