Hi,In everyone's opinion, how important is it to find a mentor/coach when starting out in investing or anything in real estate? I'm learning a lot here, but feel like a mentor would be extremely beneficial.Thanks
I was wondering if anyone had any recommendations on any tax strategies to lessen the tax burden or creative ideas to utilize the property. Once I graduate college, my mom will be transferring me one acre of land (fro...
I live in Chicago and there's been a lot of discussion recently on whether Chicago could follow Detroit down the path of municipal bankruptcy. Many folks believe that because Chicago is much more diverse in its indus...
Hello Everyone! I have analyzed a handful of properties and so far I have experienced that in order to get a 10 cap and a positive cash flow of at least $100 per door I have to cut the property asking price in half. I...
My friend and I plan to buy a property together. I'd be a general partner making all the managerial decisions and only my name would be on the mortgage, while my friend would be a limited partner who would contribute ...
Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...
Hello Everyone. Hope all are well and prospering. I am inside of a situation that I mindfully created and I am wondering if anyone could help shed some light from a new perspective for me. I will lay this out as quick...
We just got our tax certificate back (Birmingham, Alabama). The commercial property (building) has been vacant according to the business owner next door for nearly 1 year. The power and all other utilities are off, gr...
Georgia is a tax lien sale state. I have downloaded the list of properties up for tax lien sale next month and I've identified properties that interest me either for my own portfolio and/or because I think they stand ...
Ok, I finally scraped up enough dough (and nerve) to buy the above and want to know if I can do anything with them other than wait till the redemption period is up in 2015? Thanks