Bare with me, this is my first blog ever. I was recently blessed with the purchase of my current home. It appraised at $575K and we paid approx. $527K. We put down about $21K and financed $506K. (It is a VA backed ...
Awhile back I fell for a scam while trying to learn real estate. I didn't know what I was doing, did not do my due dilligence, and did a short stint in prison. I want to get back into learning about real estate invest...
Hello there,I am a newbie to wholesaling and would love to connect and share input with 5-6 Wholesalers in the Rochester market who are true blooded Real Estate Entrepreneurs.All stages of wisdom would be a great netw...
There are new ways to treat improvements to properties based on recent tax court decisions. This can be a significant tax benefit for real estate owners. The changes are related to what types of repairs should be expe...
I'm currently managing a small apartment complex, and the owner has offered it to me for below market value on a land contract. Roughly $240K value, LC would be $200K with a 5yr balloon. Balance due in 5 years will be...
Hey Guys,Got about 20k to invest in real estate right now. What’s the best way to do it? Fix and flip?Buy and hold? Which locations? Also what is the best way to connect with wholesalers or agents that can connect me ...
Here's a few successes we've had over the last few weeks/months....
We successfully negotiated the acquisition of 6 multi family rentals, using $0 of our money, putting $0 down, and only needing money, which is being...
If you are in the business of property development, are sales of homes held over one year considered capital gains, or ordinary income? Also, do you depreciate rehabbed property that you rent?
Thanks,
Steve
My business partner and I are interested in househacking either a duplex or a triplex together. Based on the research I have done it seems like a conventional loan would be more suitable for our situation for the foll...
Haven't found myself around many mobile/trailer homes but really curious about this market. Currently a partner at a whole sale real estate firm always exploring new options to look at. Mobile homes seem easier from a...