K S.
My 100k house vs 100k in the S&P 500 (16 years later)
A turnkey home for 100k renting for 1k (1% rule) would net you worse than the stock market 16 years later. I went back through my 1099s and calculated my return and estimated closing costs, federal taxes, capital gain...
Mike Boss
How long should it take to find a tenant?
I bought a duplex in Ohio at the start of this year. One side is occupied and the other is empty. I renovated the empty unit. It’s in a small rural suburb. It’s two stories and each unit is a little over 1200 sq Ft. I...
Jeremiah O'Neill
Depreciation building value
Last year I converted my primary residence into a rental property. We purchased the home for $295k in 2006 and it lost value over the next few years, now at around $250k. Per the IRS, I need to use the $250k for de...
Account Closed
The $30k rental club.......
Im sure many of us have read all the warnings and reviews of buying low price properties, and the problems typically associated with them, but all that considered, it is what first attracts a lot of people , indeed th...
Shiloh Lundahl
Millionaire - RICH or Middle Class?
I have had a interesting discovery recently. At the end of last year, I was finishing updating my financials and I realized that my networth had reached over 1 million dollars. That had been one of my financial goals ...
Brandon Brock
Eddie Speed Note School
I attended a 3 day seminar this weekend promoting noteschool. Noteschool is a mentorship and training program for notes performing and non performing. It seems very expensive starting at 16k depending on the leve...
Jack Seiden
NAR Anti-Trust Suit
Curious to hear people’s views on the case? I could see the entire industry being changed or some different legal language to some legal forms and things more or less continuing as is. As an aside I do think the combo...
Iraj Kasimi
Insurance
Hello all,I am interested in purchasing an apartment complex in Alabama. Just wondering, what types of insurance should I carry on the property? Any advice on where to get the best deal on the insurance? It's about...
Omar Cantu
Failure to launch, no luck so far
Hi, I'm 23 yrs old and have been trying to get started in real estate investing. But no luck. I know this wasn't going to be easy but it almost feels impossible. I finally tried to get pre qualified for a loan of abou...
Jimmy Humphrey
Over Leveraged?
Hi,Listening to some of the podcasts and reading the blog, I keep feeling this inner red flag that keeps popping up in me. I get the feeling that a lot of folks are advocating being over leveraged and taking on an un...