Are you flipping or holding?

My end goal is to have a large portfolio of buy and hold rentals for a nice passive income.

If they have a good history with no red flags, don't hold the score against them!

I may have to get financing for my first property so I was considering holding off on forming a business entity for my real estate business.What are your thoughts on forming a business entity for a beginner in real estate investment?

Hi All, Myself and a few college buddies are looking to invest in some buy-and-hold opportunities in the area.

They foolishly think they need to keep the rents low to hold onto "good tenants".

I am interested in buying and holding homes and also flipping houses.

All the numbers I ran as far as holding costs, were calculated for 6 months, assuming 2-3 in rehab, and 3 on the market just in case.

The property is a Short Sale.PP-$275KARV-$410K - $430K (most recent comp sold for $457K 2 weeks ago)Estimated Rehab Cost - 60K (unable to walk the property until the offer is accepted) Holding Cost - $1200 Per Month (6 month estimated hold)Buyers Closing Cost - 3%Seller Closing Cost - 3%Realtor Commission - 5%I am looking to get the loan from a private investor and will be looking for the loan to cover purchase, rehab and holding cost.  

Just be prepared to hold it for a while until folks can afford to buy / rent again.