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A turnkey home for 100k renting for 1k (1% rule) would net you worse than the stock market 16 years later. I went back through my 1099s and calculated my return and estimated closing costs, federal taxes, capital gain...
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I was just wondering how everyone started their endeavors into the Real Estate world. How old were you, what was your first deal, and just what brought you into Real Estate. Just thought this might be interesting fo...
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Ok this sounds horrible but please read it all. I just bought my son and his wife a condo here in miami. My son is a trader, he's 27 years old and he was renting a unit for $6,500/month a big waste of money imo. He...
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My mother bought a 2 family house for 514K back in 2006. The mortgage was very complex and handled by the now defunct WMC(of GE), infamous for using scissors and xerox machines to fake documents, and anything else im...
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I did W2 for 30 years as in corporate IT. Dabbled in real estate but never went for it big time - bought and sold a few primary residences and a couple of condos over the years. Now I'm 56 and hoping to never work for...
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Hope this finds everyone doing well. I will be moving to the North San Diego County, CA next summer and am wondering what buy and hold strategies are working there? Is it mainly single family homes, multifamily, condo...
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An alternate title for my post could be 'Flippers and the Law of Diminishing Spreads'!
I am in the Las Vegas market and am running up against the same issues I am repeatedly hearing for other markets in that the ...
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I am getting to be “too close” to this deal so... would you invest in this?
I’m already under contract but can back out during due diligence.
-118k price
-7.5k closing costs (so high!)
-20k repairs
= $145k all i...
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I'm sure there are a few posts for this floating around, but I wanted to bring it up again and open up some ideas.
How do YOU get the banks to accept your offer, either short sale or REO?
My first (and only, to da...
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Hi everyone. I've been reading and listening to podcasts and hear about all these folks that build these huge portfolios within just a few years. What I can't make sense of though is how can one keep accumulating prop...