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14 September 2018 | 2 replies
Flip?
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19 June 2019 | 10 replies
1st- Start a partnership and get an EIN number2nd- open up a bank account in your funds name3rd- take capital gains and invest into a buy and hold in the QOZ4th- Collect rent, let the tenants pay down the mortgage and then sell after year 10 for the biggest tax advantageI flip about 6 houses a year- 2 of the 6 flips I will take the profit and put into the Fund bank account then execute one of my option contract that I have for houses that I know that would qualify for QOZ.I plan on buying 4 a year using this strategy but I will also wholesale any properties or opportunities I come across in my QOZ!
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14 September 2018 | 9 replies
On the flip side, you're going to have to ask yourself if you have any attractive alternates in which to invest your money and, preferably, are you willing to live in the in the new investment (i.e. house hack a multi-family property) or significant downgrade your standard of living accommodation.
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7 October 2018 | 3 replies
So based off this calculation I determined that my portfolio is strong enough to move on with my expansion plan into a new market.Business expenses as % of total expenses : 70% 1) Fixed Expenses: a)Monthly Mortgages: 45% b)Property Taxes: 18.7%c)Utilities Expenses: 14.8% d)Licenses & Insurance: 5.4% 2) Variable expense - Water bills + repair expense : 16% Personal Expense as % of total expenses: 30% My monthly living expensesa)Housing: 39.7% b)Child Care: 25.4%c)Living expense: 22.2% d) Food: 7.9 %e) Insurance: 4.8Income 1) Total Income - 100% A) Rental Income: 42% B) Wage income (W-2) : 26 % C) House Flipping Revenue: 23% D) Property Management Revenue: 5% E) Stocks/Dividends: 4% Please let me know if you would like help walking through this process as it has been super helpful to understand my financial situation or send you the spread sheet I used.
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13 September 2018 | 3 replies
My name is Tim and I am new to this community.I am looking at getting into investing with either a focus on fix & flips to either rent or sell (depends on the property.)
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13 September 2018 | 1 reply
Hi, I wanted know are there any places that groups meet to exchange ideas with new comers to the real estate business in the Atlanta area ?
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14 September 2018 | 3 replies
Are you doing fix n flips, real estate development projects, or both?
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26 October 2018 | 11 replies
After that, I would like to flip and possibly manage multi-family homes, single family homes and apartments.
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19 September 2018 | 8 replies
There are, non-bank, investment property lenders that will lend to you based on the property's income (long-term rental loan) or your experience for fix & flip / rehabs.
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20 October 2018 | 11 replies
There are lots and lots of information and posts about 1031 exchanges here on the forums.I'd suggest the search function and the 1031 sub-forum and you'll find endless reading/education.