I have a potential lease option wholesale deal in the works. This would be my first deal. I have a question about the sales price that the seller is asking for. The seller wants $100K for the property, but the comps d...
Looking for advice. We signed a P&S agreement for a 4-bedroom, 2-bath with the contingency to conduct a home inspection. The inspection revealed that the heating/cooling system (heat pump) needed to be replaced be...
Family I need some advice! I have a cash buyer that has given me a list of vacant multi family properties he is interested in. Im in the process of researching to find out who owns the property. Once I get this inform...
Location: 619 W Howard St, Muncie, INOriginally listed for $50,000, offer accepted by bank for $20,000 (cash)8 Units (2 2BD/1BA, 5 1BD/1BA, 1 Studio)4470sqft on a 7772sqft lot.Taxes $1646 per year.Assessed at $82,300,...
I'm look for answers to my question both on a specific situation (which I'll describe) and as a general overview.This is my first rental. Tenants moved in a month ago. Summer is in full swing now and in my location it...
My wife and I have been able to do complete rehabs for under 12k per door. The key to our success is to not view the property as our own home . We do not go above and beyond and keep expenses to the minimum. We buy e...
Here’s how that works:Depreciation is the act of slowly deducting the initial expense of an asset against your taxable income. Generally this is over a 27.5 (residential) or 39 (commercial) year time frame. So each ye...
Hey everyone. Thought I would share a cool story (at least to me :) since its the two year anniversary of closing on my first true flip. Hopefully you newer investors will be able to learn something and get inspired t...
Hello all,
First off, I would like to say thank you to everyone who has given so freely of their time and experience. The wealth of knowledge you have provided here is certainly a generous gift.
Years ago I studied ...
Are you ready to serve your mandatory time in the military?
H. R. 5741
To require all persons in the United States between the ages of 18 and 42 to perform national service, either as a member of the uniformed servi...