I'm curious what the differences are for tax implications for a straight flip vs. a BRRRR? My understanding is that any profits from a flip will be taxed at my personal current tax rate as income. However, if I'm refi...
Hey guys! How do you guys feel about renting a bedroom in a furnished 2 bedroom unit with another unrelated nurse renting the other bedroom- 2 different tenants/leases in the same unit?
How do you typically navigate ...
Hey guys,
I have come across a couple lists of high net worth people who have been lenders on private mortgages in the local county and I am considering sending them a letter seeking REI loans. I have read all the p...
I recently purchased a 4 unit off market building for $231,000. It was originally listed on the MLS. The numbers in my eyes weren’t terrible so I requested a showing. The realtor wasn’t very helpful and the seller wou...
I'm starting this thread because I am going to keep a running update on my first flip.
Today I have got the OK for all the funding I will need for my 1st home purchase / flip !! :cool:
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I pay $25/door to install std. Pre-hung doors, $50/door if they are bi-hinge doors. On Friday a new carpentry crew I'm trying hung 11 doors (8 singles and 3 bi-hinge) in 3.5hrs. So he made $100/hr minus $41/hr for his...
My novice status will show here...I recently purchased a 4-unit multi-family property in Washington, DC. Though this has seriously boosted my net worth, it has stuffed my cash flow into the trash.I have a significant ...
My goal is to buy 1 rental property this year. Tell me about your first purchase!
Where was it?
How did it go?
Do you still have it?
1 thing youwish you knew?
My question for anyone that escape the 9-5 rat race is. What real estate strategy did you use? Example if you had between $20,000-$70,000 to invest in real estate. How would you use that to replace your income of $...