it was built in 1926 and it value right now is 76000, and the utilities would be payed by the tenant, but it needs a lot of work, I would do all the work my self and just buy materials, and my guesse is that once it's been remodel the value would go up to at least 100000 because it's about half of mile away from a university cumpus

Business is built on relationships and the more you make the more options you will have to invest in real estate.

My wife and I live in Tampa FL and have built a rental portfolio of 42 SFHs in the past year and a half.

the only bummer is I can't get any bank there to loan me spec money so we had to do it out of pocket.. if I had bank money my COC returns would be off the charts.. regardless we pushed on.. and now we have almost 10 new constructions built and sold.. 6 rehabs we did in the last year all bought rehabbed and sold with very nice margins..

One thing not discussed in this post or in many posts that I have read is the number of new apartment buildings being built in major cities.

I am looking for contractors in Grand Rapids Michigan area.

The building was built in the 50's so I'm guessing the stove is from that era as well.  

It was my understanding that anything built prior to 1979 and 2+ units fell under control of the rent board.

From my perspective just in general patch of land is focused on RE and has built up some knowledge of the RE sector where as far as I know Lending up is much more broad and focused on lending in general.

I agree that if you are buying, selling, buying, and selling in rapid succession, you are out of luck on the 1031 exchange.