The best thing to get started is building your team - a lender and a RE agent who know the Duluth market!

As noted above, a cash deal with all capital liquid in an account today is going to be taken much more seriously than a financed deal or a syndicated deal.  10% EM hard at contract signing and a 45 day close with no extensions will be taken more seriously than 3% EM hard after 30 days, with a 60 day close and 2x 30 day extensions.  

The site hasn't changed, literally not at all.The people, my friends here, people I know, help change the perspective by doing what they have done for years, just posting and responding with words of wisdom and a 20,000 foot view.

A few days before the sale the frame farm house was burnt to the ground and all that was left was the standing brick chimney and a lage pile of ashes. 

We had to do a lot of electrical work, bathroom, kitchen rehab, total paint and a new roof.

You can choose to report your income and expenses on Schedule C by electing to file as a Qualified Joint Venture instead of filing a partnership return.If you have created an LLC that is not in a community property state, and as husband-wife you are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a corporation for tax purposes.If you have created an LLC in a community property state, and husband-wife are the only members, then you are a partnership and must file a partnership tax return unless you have elected to treat your LLC as a disregarded entity or corporation for tax purposes.

Here's the breakdown:Financing: We used a seller carry deal with 25% down ($100k), a 30-year term (balloon in 10 years), and a 4.68% interest rate.

But the "art" really only comes with time in market and a deep understanding of both the market and the operations of assets.

It includes HVAC filter and a few 'free' things (like one free lock out or something like that).

Hello,I am a Software Engineer and a Real Estate Investor working on a tech product for the real estate mortgage brokers.