ok I am at a point where I have done my research and still learning but I'm ready to get my first deal going and get it under my belt. My credit is not good enough to get a mortgage loan. So I'm left with private ...
Hello everyone. This is my first post on the forum besides the new member area. I have been reading a book about investing in Duplexes, Triplexs and Quads. So far, the author has expressed his use of GRM (Gross rent m...
Hi All- I have a tenant who habitually pays late. In fact, she has started to pay in arrears. To give some background, she has been renting for over three years now. She was not the most qualified tenant at the time b...
Hi everyone, I just landed my first investment! Waco,TXThis week, I bought a property at a county tax sale with estimated cap gains of 100k if I resale the property now. Here are the details of the property:5 ac w/SF ...
Rented out a condo 3 months ago. Tenant turns out to be a chronic liar/rule breaker. Second month's rent was late (eventually paid with late fee only AFTER I served a notice). A pet dog was found while I was there to ...
Hey all! After listening to the last episode about bonus depreciation, it left me thinking about my home I recently converted form primary to rental. In the episode it was said that bonus depreciation had to be taken ...
Guys,
I'm simply not going to give up locating a good deal for my buyer. I met w/ my buddy (REO agent) last week and he took me to one of his homes. 3BR/2BA (20yr. old home), rancher w/ deck (needs work), two car, de...
Hi everyone! I was thinking of buying a turnkey for the first time and was comparing the turnkey prices with Zillow estimates of what the property was worth. The difference is so big! Now Zillow does not know what ...
I'm a little confused on the whole "should I start an LLC or a business in any form" topic. A lot of people on here say to not start a business right off the bat but then a lot of the information pertains to having a ...
I am getting ready to sell a piece of property and carry the note. I won't hold anyone to this, but am curious what you think the note is worth. Here are the facts:
Sales Price: $580,000
Down Payment: $145,000 (2...