Experienced Investors,I'd like to get your comments on this quote by Henry George above, who advocated for property taxes to be the primary means of state revenue (no income or sales tax).Thanks in advance for your co...
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Investment Info:
Small multi-family (2-4 units) commercial investment investment in Grand Rapids.
Purchase price: $120,000
Cash invested: $400,000
Sale price: $300,000
5,000 SQFT 2 Story Historic...
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There is a lack of new housing nationally… and this will not be fixed by our government or anyone else anytime soon. FYI: the median cost of a house in the U.S. is currently $263,000http://www.politico.com/agenda/stor...
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When borrowing a smaller amount from family, say 25k, for a downpayment, is it at all common to do a 30-year ammortizing loan? If so, what rate? Is 7.5% 30 year ammortizing reasonable? I want it to be attractive to th...
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Question to put out there.Situation: A family member just setup a trust recently (unsure how it is exactly setup). They have their home (with a mortgage) and own 5 or 6 parcels of land (free and clear). They are holdi...
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I help investors purchase investment homes in my city. I have many clients who buy from me and I do a great deal to make sure they are happy. Lunches, dinners, gifts when they purchase, time invested driving around ...
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For those who started out with little to no money, how did you manage, and if you could start over, would you take the same route, and if not, why? What plan did you use, and did that plan become versatile during your...
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Hello BP members! We are preparing to leave our W2 jobs in a few months to move into full time real estate investing. We have a good amount of equity in our primary residence as well as one of our rentals and we would...
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This is a little complicated to explain, but I'll try my best! My mom has gotten behind on her property taxes and her house (fully paid off) was set to go to auction on Tuesday, March 6.We (fiance and I) have just ove...
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Hi BP,
I wanted to post to make sure I'm understanding the depreciation recapture process using an overly simplified example. I'm leaving out deductions for closing costs, maintenance, repairs etc.
Say I buy a hou...