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15 April 2024 | 20 replies
It sounds like you have equity in your property based on your numbers provided.
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16 April 2024 | 25 replies
I'm obviously bias because I'm in the Chicago area, but I have partners constantly buying properties for ~$150k + ~$60k in Rehab and then ARV of $300k doing Cash Out Refi's based on Long Term Rentals or AirBNB, Flipping the properties, or Wholesaling the deals.
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15 April 2024 | 5 replies
It's a perfect place to start your real estate investing journey.Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersGood luck on everything!
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14 April 2024 | 5 replies
The best comparables will be the most recent but if this type of property is uncommon in your market, you can go back as far as 9-12 months in your 'past-sale' search.
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16 April 2024 | 9 replies
Determine your investment criteria based on your objectives, risk tolerance, target market, property type, cash flow needs, and desired returns.Gather a solid team of experts such as real estate agents, lenders, attorneys, contractors, property managers, and accountants to assist you on your real estate journey.
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15 April 2024 | 1 reply
I am searching into the Plant City, FL area and actually going down to see a place this week.
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16 April 2024 | 12 replies
.- rentals do not go under an S-corp, which is why a separate PM company was suggested- S-corp technique on reducing SE tax is both tricky and costly, and you cannot set up your salary arbitrarily- you can only base your 401k on the part that IS subject to SE tax- you usually cannot generate enough "earned income" from this 2-companies setup to make it worthwhile for 401kSee, it is not simple.
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16 April 2024 | 8 replies
Based upon the dates in the pattern, this “lien” probably fell in the “gap” between commitment date and closing date.
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15 April 2024 | 4 replies
What type of property are you interested in, I could help you search right away.