Account Closed
Do Wholesalers lie about actually being a Cash Buyer?
I have called a few respondents to a Craigslist ad that I posted a few days ago. Apparently, most of the respondents were "cash buyers", so they say, and not wholesalers. I took their criteria information down but do...
Mohsen Samadani
Seeking Clarification on Material Participation Rules for STR Tax Loophole
I have some questions about the material participation rules for the STR tax loophole. I would appreciate any insights.
1- In a partnership or LLC, can both partners benefit from this strategy if they invest in the s...
Scott Weaner
My Idea for Renting to the Credit Challenged
I have asked for opinions about Rent Guarantee Insurance, such as THIS. I was considering another idea that I thought of (take that for what it is worth).If my rental is $1400/month, I was thinking that, instead of ha...
Lucas Gabaldon
Do I need a Trust Account in New Mexico for deposits/rents?
Hi all we are close to closing for our first investment property in New Mexico which happens to be an 8 plex. I have a separate business account set up for receiving rents and deposits. This account would also be wher...
Kevin Rollins
Initial Investment vs. Cash Flow
I'm looking at purchasing my first duplex for $120,000. I'm hearing in some markets getting $200 a unit is good cash flow. Is this still the case when the initial investment is $30,000? Does tying up $30,000+ to make ...
Jack Montague
Flip vs. BRRRR (Nashville, TN)
Hey All,I just wanted to pose a question out for everyone to get the pros and cons of this property that my partner and I are about to close on.I know this gets posed a lot, but for this property itself, here are the ...
Ryan Dossey
How Many Touches Contacts To Get A Seller To Sell? (Off Market)
As real estate investors going direct to seller we are constantly looking at our data for ways to improve. This month we ran a data analysis project on the past 60 off-market deals we've done. Our goal was to identify...
Shawn L.
Is a HELOC possible for a person with credit issues?
I've read that a score of at least 620 is desirable, sadly mine is slightly less than that. I also don't have strong income at the moment. So you're probably thinking why am I even posing this question. What I'm hopin...
Deak Smith
Clear up my equity question
In the BRRRR book it is stated more than once Traditional Tom has zero equity after 15 years. I’m not arguing that Mastery Mike has a larger portfolio and potentially more equity. I’m just very unclear how Tom’s 25% d...
Paul Willis
How close to a war zone is TOO close??
Hey everyone!I thought this might be an interesting discussion, and I wanted to see your thoughts.The context: I am currently evaluating an out-of-state duplex in Richmond, VA which is in a C class neighborhood with u...