My worst loss was $100,000 trading foreign exchange. I made $100,000 one year then lost $200,000 the next.
My worst real estate deal I lost about $25,000 on. Paid too much, rented to dirt bag tenant for way...
Can someone answer this Hypothetical question for me regarding 1031 and Taxes.
Scenario
Lets say my Father bought a property for 1,000,000 and Sold it for 2,000,000
1031 Exchanged the sale
Bought two properties fo...
Hi all,
I would like some input on this potential deal, mainly on the numbers I used to estimate the rehab.Keep in mind that I ran these numbers as a worst-case-scenario, so the ROI and cash flow are underwhelming. S...
I'm always curious to know what the average price of a home is in different towns and cities. One of my colleagues went to Texas (was it Austin?)recently and we were all shocked at how cheap a house was down there.
S...
Should pay taxes or too much for a property? I have 2 weeks left to ID a property for 1031. The taxes owed would be around $15,000. Stuck myself in a situation without doing any prior marketing for deals because I w...
Based on some of the threads on here, it seems like quite a few of those who have tried some sort of direct mailing feel like they either shot an 'air ball' or totally missed something.I would like to know what sort o...
Ok, I want you guys to review my quick assessment of this property. I am sort of practicing finding deals haha. Basically, assess my assessment. Ok here's what I came up with.
Listed: 59,000
Comps: 75-120k
Proj ARV:...
Maybe the motive and reasoning is clear to someone else, I'm a bit stumped. Why is quicken pushing 15 year loans? (I keep getting ads from them). Is this some sort of speculation that between inflation and interest ra...
Hi all,I'm trying to decide what the "best" business entity and/or strategy would be to purchase rental property? I have saved up the funds I need to buy my first SF rental property and want to know what is the best w...
How would you handle this?I paid for my inspection team to come out next Wednesday to do an inspection on a 10 unit apartment.The owner emailed today and said I won’t be able to access a particular unit because the te...