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New to REI and curious about strategies/processes for flipping out of state. I plan to do my first few flips locally but I'm always trying to look ahead and plan for my next move. I like the idea of one day being able...
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Hi all
I'm closing on my first property today a 3-family unit. I was wondering if I should set up another personal bank account for all activities. I'm going to be depositing my checks and if there are repairs I'm go...
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I'm just a novice investor but the more I read about LLC the more disadvantage i found than the advantages it provides. Cons:cost more to setup, cost more each year to file taxes, can't take out conventional mortgages...
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I sold a rental house in 2015 for a 55K gain (after subtracting costs of sale, upgrades, etc). Depreciation recapture was painful. When I finally got a TurboTax Premier and modelled the sale, I was surprised the gain ...
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THIS ARTICLE really has me thinking and I want to connect with those who have built to sell or hold before. I was a carpenter and now work in commercial construction, so I'm no newb but I cam curious to know more abou...
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I found this deal which is actually for 2 properties with a combined total of 125 units. This is priced at $2,800,000 . The listing says it has a cap rate of 12.84%. I divided the NOI by the derived cap rate(from the ...
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Hi,
I have been researching the real estate market for sometime now. Right now I am trying to get into it full time. Initially I am doing both (rental investment and flip). After sometime if I do fine I will know my r...
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I have a renter that broke the lease and moved out early. In the lease agreement they signed says "Security Deposit will be not be refunded to the TENANT and will be used as a penalty for early termination of the Leas...
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Hey everyone. I am slowly but surely starting my journey into long term buy and hold rentals for cash flow. I am going to partner on this with my father. We have both agreed to terms verbally and have full faith an...
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I'm currently looking for a duplex in Danbury, CT for my first piece of real estate. I sent a small letter campaign to all the duplex owners on a street and got a response on one! The owner wants to move to Florida wi...