@Ronald Benson Yes, you have to make sure it is the first mtg foreclosing….not a second mtg or hoa, and check for back taxes, etc.

There may be tax advantages, cash flow, and other benefits.

Remember, they can always refer themselves😊Now, make it a goal to call at least 5-10 of these people EVERY day and ask a MAX OF THREE off the list below of who they know that:Just inherited a homeHad a loved one pass awayIs behind on their mortgage or tax paymentsHas a relative that can’t take care of their house anymoreHas a house they’re having trouble sellingIs facing bankruptcyKnows a probate attorneyKnows a bankruptcy attorneyetcWhy only three off the list per contact?

@Chris Seveney I have an IT consultancy as my main income for the last four years.

And since I get great tax write offs on properties, why would I buy treasuries?

Usually, you should bring over your trial balances as of last year when you filed taxes, YTD all activity and all data including tenant balances etc to the new PM Software.

We would be looking into rentals down the road as we gain capital to create and build passive income.

If you have to pay property tax and insurance they are expenses.

2023 & 2024 seems to be year of challenges for investors and I did enter the world of investing during these difficult times. When interest rates are peak high I started my first investment and was able to cash fl...

Analyze potential investment properties based on factors such as purchase price, renovation costs, potential lease revenues, vacancy rates, property taxes, insurance costs, and ROI .