So that means if you're living in it, you are not hacking for free, you're paying your fair share of the rent and some of your tenant's rent.   

When you are ready to close on a property feel free to reach out, I am happy to guide you.

Even if nightly rates didn't continue to rise over time, breaking even now would still be a free house in 30 years that I could sell and use for a retirement nest egg along with my 401k.

We have a cash purchased SFH in Kansas City MO that we got for $75k cash, that rents for $875/mo (After management fees, taxes, and insurance, we profit $580/mo). 

Feel free to reach out to me directly if you have questions or if you want an opinion on an area or property.  

Save up for 3-6 months' worth of mortgage payments, property tax, insurance, and upkeep costs as a safety net.

Hi @Kathleen RogersREPS is a very powerful tax strategy that can offset W-2 income.

As someone new to tax lien and deed investing, I've been studying up to get the hang of it.

@Jim Doyle- thanks   1) consider increasing the purchase price by the amount of the elec and roof  work that needs to be done  and then assist  seller with  getting the work  scheduled and completed  ( as this will be required to be donw before closing ) ..this way the  seller  is technically  paying for the  repairs  and they wont lose  any  proceeds ....they will pay a little  extra  wa state sale excise tax  but  that  wont amount to too much  2)  consider  putting less down  and using some of your funds to pay for  the repairs  ( or part of the repairs )   3)  consider using a rehab loan  4)  consider  keeping the price  where it is and asking for the sellers to complete  repairs  (  this likely wont happen)  5)  get roofer and contractor  estimates and get them  lined up to do the work asap  as it might takes  weeks to get this scheduled / done  6)  ask seller for  extension on closing date if the  work  will take  longer than 10 days ,,,Good luck

Hello, I’m pretty familiar with the tax liens regulations here in Alabama but I wanted to brush up on quieting the title.