I am about to close on a property, doing a BRRRR strategy, and I'd like to know some people's experiences with it.How mine is working...

The whole 10% off their profits to increase mine does make sense though.

Mountain American did mine for 333,000 and gave me 2.6 rate for 6 months.

I know a friend of mine is finding a lot of deals in the DeSoto, so I am curious if investors around the city are having better luck.Thanks for your help!

I believe that one of the National Firms with a local office (Marcus Millichap comes to mined) does a market overview every year or every quarter.

Well it's about that time...Some of you have seen my other posts about my primary I got Sub2 and am going to finally refinance after 2 and a half years and take it out of the seller's name and into mine.

Hello...Im new to the website...But a friend of mines told me this would be the place to find legit investors interested in investing in Real estate...So here it is...I found a multi family property with 16 units in a high demand neighborhood close to beautiful downtown orlando...Its 100% occupied and rent is $1,159 a month... they are asking $2,320,000 but that might be negotiable...Now I did the math and the property would make $17,600...Minus taxes,mortgage,and manager salary...you would end up with $6000-$7000 of cash flow...Thats if i get a good deal on the investement capital which would be paid back in 30yrs with $200,000 added to the initial price of the property...Now im extremely new to all this..and was looking for any insight on how I can execute this deal?..

I sold 1/2 interest of a ski in/ski out condo (rental property) to a friend of mine who was the other 1/2 owner.  

Here are the details:Duplex purchased in August, 2015 for $155,000ishLived in one side of the duplex until September 2016Both sides rented for $1,200/mo ($600/each) when I first bought itBoth sides now rent for $1,800/mo ($1,000 for renovated side/$800 for other)Cash flows well for me (about $8,000/yr) and I have a very reliable, cheap property manager (good buddy of mine); total expenses are around $1,125/moHaven’t added up all the numbers, but estimated renovation costs were about $25,000Reasons I am considering selling:Live in Dallas - don't want to deal with property out of townInterest Rates rising (slightly afraid of a market dip): my property manager will be leaving College Station in 2 years (once he graduates) and I might have trouble selling the place at that time if market is in bad shape; don't want to pay 12% for a conventional manager to handle it, but I could do that if need beConsidering buying and building in Dallas 'M streets' area (for primary residence, not investment) - which will be quite expensive; we have savings, but if we had to pay cash for a distressed home or lot in the area, then that would be tough without this capitalLooking to sell for about $230,000, which would be about a $50,000 profit:  don’t want to pay taxes on the gains, but I am unsure of how to manage the situationCan’t live in it for another year (to get to 2 of 5 years primary residence)1031 exchange to personal residence seems tricky – I assume I would have to exchange for another investment property, establish it as such, and then convert it to my personal residence sometime down the road; also the timing on these things seems absurd (45 days/180 days) unless you have something totally lined up, which I guess is the pointAm I up the creek and I should just sell it and pay the taxes?

They are a gold mine!