I recently engaged into negotiating the purchase of a lot in Miami that is zoned for building 2 multi-families fourplexes. The developer sold me 3 fourplexes a year ago and offered me this vacant lot to built addition...
As I work with new investors, I’m wanting to understand more about their mindset, reasoning and goals. For me, the main reasons I wanted to get into investing were . . .
1. Money (family, security, future).
2. Freed...
My question is about depreciating capital expenses.I understand that I depreciate the building over 27.5 years. I have also been told that capital expenses must be depreciated rather than claimed as expenses. But ho...
When interest rates were much higher, we only looked at places with a 10+ cap rate. Now that interest rates are so low, properties cash flow with a lower cap rate than in the past, leaving more wiggle room in pricing....
Do builders hike their inventory home prices and then give a "discount" at year end? I'm asking because last year I bought an inventory home in Cypress TX that had a $10k discount, however the appraised value of the ...
Investors looking to invest in Cape Coral, I need your help. I feel passionate about this one. We do not need another smoke shop on Cape Coral Parkway E.
We need restaurants, bakeries, gyms (cycle bar or pilates an...
Suggestions on getting mentorship for beginning investors.
I've come to realize that what you learn about a certain type of investing from a book is about 10% of what you really need to know to do it well and do it right. Call it the very tip top of the iceberg. But when you ...
I have a combination of 2 HELOCs and cash totaling $375 (75k cash, 100k Heloc 1 200k Heloc 2). Instead of purchasing a duplex rental and do single family flips, I have considered looking for a 6-10 unit building and u...
Ok, so I don't have the money yet but I will soon as I finish this house and pull a mortgage on it and I want to do this next step 'right'...Backstory: I'm 43 born and raised in AK and have been working in constructi...