We also have an operating agreement that states that I will be handling the daily operations and I'm basically in charge of the whole business.

Purchase price: $28,000 Cash invested: $25,000 Bought this property in the worse part of town and I have the best tenant in it of my 18 properties.

Last month, while someone was cleaning out our property in the Auburn Gresham neighborhood, the place was broken into.

Hi all, Baselane is hosting a CEO fireside chat titled 'The Inflation Equation: Impact on Real Estate and How to Navigate it'If you're attending BPCON24 in Cancun, join us on Monday 1:15pm EST.

Always looking to meet new folks in the space.  

So, after closing costs I would need roughly 55k cash to bring to the table. 

Welcome to BP - you've definitely come to the right place - I'd recommend some of the books in the BP bookstore for next steps - particularly the BRRRR Method book by David Greene which is great and might be perfect for your situation

The goal is to have positive cash flow, where rental income exceeds your expenses.

I am thinking about putting together a tour of 2-3 ADUS in Pasadena CA that are under construction or recently built to get a better sense of the ADU building process.

The taxable gain on the sale of your single-family home (SFH) will generally be the **difference between the selling price and your adjusted basis in the property**.