Scott Trench's new article   Millions of Americans Should Keep Their Homes as Rentals, Not Sell.

Zach,New owner comes with a new lease agreement and usually the previous owner has some insight as to what was promised and what will change.

I've read through the General Plan and there is nothing else that broadens or limits this description that I can find.Generally speaking, does this mean that I should have ministerial approval to perform a condo conversion of these already-built-out units in the same sense that I would have ministerial approval to submit plans for a new construction condos if the land were still vacant?  

If I flip a house and make a profit after 6 months, then buy a new property 3 months later, what taxes will I be obligated to pay?

I am under writing a small 2 tenant brand new building that the franchise i am would be one tenant and the other one ideally a restaurant but not signed yet. 

As the new owner, list the property pay off existing mortgage, second mortgage and recoup the proceeds My question is, would this be considered a novation and would an attorney or title company draw something  like this up?

Flips are labor and time intensive but are good for cashflow if done right but can be difficult for new investors without a good mentor.

Celebrate small victories along the way and continually set new goals to keep yourself motivated.

Quote from @Madhul Shah: I live in New York and I'm 22 years old.I'm interested in starting to invest in real estate and am still new to the process.I have been exploring STR deals around the country.However, my question is if someone has access to a substantial amount of capital, would it make sense to invest in LTR's?

Hi Everyone, My name is Elda and I am fairly new to real estate investing.