Rich Weese
4th obstacle to creating real wealth
And by far, is income taxes. I know there are tremendous legal methods how to not pay income taxes, or to pay very little. Judge Learned Hand(his real name!) once said in a court case " it is the right of every Americ...
Matt Shields
Real Estate Professionals. Please Read. Are we legal?
Recently my account was temporarily suspended for violating the forum rules because I had a link to the following disclosure, but I was only trying to reduce my liability and stay legal: Arizona law regulates how r...
Karen Margrave
Interested In Following New Builds or Flips or Documenting Yours?
As a spec builder I am always interested in seeing what others are doing around the country. I regularly check in on the threads that have posts showing the progress of various projects, and thought it might be a good...
Vincent B.
Is it a good idea to buy my first property out of state ?
Hi all, I'm new to real estate and I'm looking to buy my first investment property. I've been researching and learning about buying out of state property focusing mostly on duplexes and triplex's 50,000$ and under. ...
Jimmy Chin
First rehab - contractor went MIA
Hey everyone,I'm currently rehabbing a property for rental and my contractor is now MIA. I've tried calling, texting, and emailing but I'm not able to reach him at all. This has gone on for a week now and he has left ...
Corey Gentry
Need Advice !!!
Hey Guys!!!
I am in the beginning stages of becoming an investor and I plan on focusing primarily on flipping houses. I'm in the process of doing a lot of research and within the next month I will obtain my LLC lice...
Mark Ferguson
Update on me and my flips including a $500k + purchase
Hey everyone, I have been busy this year and have not had a lot of time to post on here. I thought I would post a quick update on what I am doing. 1. I am up to 16 rentals. I bought five more in 2015 and plan to buy 1...
Cameron Riley
Do you Run a Credit check; Why Or Why not?
- Credit Checks are a major deciding factor? - Have you ever had success without running a credit check? - Great applicant, with poor credit, that’s the only issue, would you take a chance on him?
Joe Au
Good Debt vs Bad Debt
Is there a such thing as good debt?If I have to categorize debt, I would say the debt I am paying for, it's bad debt. A debt someone else is paying for, it's good debt.Which means, if I have a mortgage on my house and...
Paul S.
140k at 1,250 rent
There are many properties for sale in my region, but may not cash flow. Here is an example (remember that this is California)
$140k for 1,400 sq ft
3 bedroom, 2 bath
Rental rate = $1,250 a month
At 20% down, that w...