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4 October 2019 | 6 replies
At it's height, I gone to on site auctions, court house step auctions, as well as public auctions.
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5 September 2018 | 10 replies
I googled reviews and came across this site and so glad that I did, thank you for all who shared their experience.
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17 July 2018 | 13 replies
There are tons of resources throughout the site that can help you.
20 July 2018 | 2 replies
@Ken NeusaengerYour strategy has several issues with respect to IRS guidelines.In exchange for tax-sheltered status in an IRA, the IRS rules prohibit any direct or indirect benefit, in either direction, between you and the IRA.Simply from the starting point of you buying a parcel personally and having the IRA buy the rest, you have introduced risk.Any services associated with the property must be performed by an unrelated 3rd party.
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17 July 2018 | 2 replies
I've had it listed for rent for a couple of days now on a few rental sites, social media, etc, but have yet to have anyone come and look at it or inquire about it.
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19 July 2018 | 6 replies
Example:Land- .5 acres - 300kBuilding - 2200 sq ft at let's say 155 sq ft for contingency since they are saying 140= 341,000Legal costs - 50,000Grading and site work- 100,000Total Cost - 791,000NNN lease - 2200 sq ft at 30 a foot = 66,000 a year NOI66,000 / 791,000 = 8.3% cap rate to cost ( break even )Market resale estimate 6.5 cap rate = 1,015,0001,015,000 market price6% broker commission = 60,900Attorney and legal to sell = 15,000Stamps, recording fees, etc. - 10k or so (varies by state and county with costs)929,100 - 791,000 = 138,100 gross profit before long term capital gains tax of holding for more than 1 year time or deferred taxes if you 1031 exchange into something else.As you can see by the numbers this deal is too thin for all the work involved.
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26 July 2018 | 17 replies
I hear you about the specific performance of my little house being unlikely.
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14 September 2018 | 5 replies
SFRs in the suburbs are for growing families who want to be in certain school districts--these properties will have high property taxes and be at the more expensive end of the spectrum, but you can find fixer uppers and sell them at a good price after rehab if you are patient and look deep--try auction sites like Auction.com, Williams & Williams, Xome, Hubzu.
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24 July 2018 | 6 replies
Finding some attractive looking deals, I'm an out of state investor, looking to buy and hold for rental/cash flow purposes, how has this area changed over the years/performed for people?
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20 July 2018 | 10 replies
This iss great site to learn and exchange ideas.