Brian Garrett
Question about the 70% rule
So I know the "standard" way to calculate the 70% rule of thumb is to take the ARV x 0.70% and then subtract the rehab costs to come up with your MAO.My question is why wouldn't you take the ARV and subtract the rehab...
Brian T.
Funding a Real Estate Operating Company (C-Corp) with 401K??
Hi all! Thanks in advance for any input you more seasoned RE investors may have for me on this topic. As many of you have done, I'm contemplating a significant life change. I've worked for many years, and with great ...
Vincent Buggs
401K or home equity for multi-unit down payment
I am looking to invest in a duplex or triplex. Which is a wiser decision: Pull money from my retirement account or use the equity from my principle residence?
Evan C.
Two house deal, slightly short of cash to close
So, we are under contract on what looks like a great deal but we have to cover a gap in funds to close the deal. Here's what it looks like:Two homes in a secondary market area in North Carolina. The two were being sol...
Julian Illingworth
How to proceed? Bought parcel w/parking - now what...?
I bought a small parcel of land out of county tax foreclosure sale in WA. The parcel of land I purchased is sandwiched between two ~8 unit apartment buildings. I was attracted to the parcel because upon my initial r...
Scott McCadden
No Deductions Allowed to Agent Investor
As part of my regular routine of checking the "tax news", I came across a recently released tax court case, TC Summary Opinion 2018-27. Bottom line, a licensed real estate agent deducted mileage for visiting houses f...
Fred Browne
Maximum Cash Flow
Hi all, new investor here! Is there an equity "sweet spot" where you maximize cash flow while retaining the most ownership? I have bought a couple of Townhouses for cash for argument sake the generate $2K per month ...
Devrie M.
Seller financed my primary residence after a few short months.
Hello. I bought a home thinking I could find some help to get the many projects done around here, but instead I ended up with a mess and being ripped off. This was my primary residence and I sold the home to a friend ...
Timothy Campbell
Wholesale Criteria For building Cold Call Leads
I have been buying list for the last 6 months And Skip Trace, then cold calling them.(No Deals) Im currently about to purchase a list of 1000 Names to skip trace and I wanted some help on building a good criteria for...
Nicholas Sheridan, Jr.
2.5 doors down, 97.5 to go by 2025!
After a triplex property fell through 2 months ago due to a low appraisal and zoning issues I quickly found this awesome off market deal. Here are the dirty details:
Purchase price: $145,000 (seller paid $2,200 in cl...