Hello,I am currently a W-2 employee who is ready to start my real estate investor career. It has been a journey that includes purchasing online courses, attending a couple of meetups ,viewing plenty Youtube videos a...
Hello all. I have an interesting Duplex i'm looking at purchasing and occupying one side for a year while renting out the other side. One side is currently occupied by section 8 tenant who only pays $800, when t...
For the past 2-3 years, I've been under the impression that if I wanted to do a 1031, it had to be for Like-Like property. And that if I wanted to move the profit from a residential building lot, with no home on it, t...
we purchased A house $20000 below value. It seems as though we're having to put $20000 into it in order to bring it up to code and make it safe. This house cash flow is only 350 a month. Since we are new to this And ...
Hi everyone , please I need help. I am a first time home buyer . No one I know has bought a house. so all these 3 preapprovals I have is driving me crazy. They have tried to explain but I still don't understand ,just ...
Hi all,I was wondering if there is a "standard" requirement for equity in a property that lenders would require before allowing a property be turned over to a rental. For example, if i were to purchase a rental prope...
I’m looking to move back to NYC after my military service is done this June, and I wanted to know some pros and cons of investing in a condo.
If I have a cash flow negative rental, how do I claim the loss in my taxes?I am currently in the midst of purchasing my first condo in Queens, NY. This is a new construction, and I signed purchase agreement back in Ap...
Hoping to get some feedback in regards to cash on cash and cap rate for a single family investment property I'm looking to purchase. Purchase price of 215K (Currently worth about 230-235K). Total Cash investment is $6...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $219,000
Cash invested: $120,000
Sale price: $525,000
Full renovation including all new plumbing (removed cast ...