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How many of you out there are full time flippers or at least active flipper flipping 5 or more per year for at least the last few years?
I'd love to be able to do this full time someday or at least be able to generat...
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Hi everyone, i'm just about to close on a duplex investment property i've been looking at for a few weeks and I wanted to get some feedback on what everyone thinks, here are the details:Property: Duplex, both sides ar...
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I am still a bit confused about the whole topic of tax benefits from having rental property. Can anyone take a look at this example, and let me know if I am doing this correctly?
An investor has a full-time job makin...
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Hello all,
So I'm looking for some advice here. My house was sold as a short sale, we closed on 11/4/09 and there was a first (Washington Mutual, now Chase) and second (Citimortgage) lienholder involved. I recently...
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New figures are out. Many have been warning of further drops in values and PATIENCE will be a virtue in acquistions if you wait. Well, we now have the worst month recorded in the last 5 years... This can't be good for...
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My wife and I purchased a SFR rental for $200k. We put 20% down, only had some minor repairs before listing. PITI will be $1247/mo and will rent for $1700/mo. (I realize this is more down than most recommend, we just ...
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Hello All,
The Good News:
Over the past six weeks, I've spent 12+ hours a day for six/seven days a week to get another flip from start to finish. We hit the market in Houston last Friday and as of a few days ago, ...
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Hi everyone, so here’s the story. I played in the NFL for 8 years. While playing I always said that when I retired I wanted 10 properties and no debt. I was afraid that if I allowed debt to pile up while playing, and ...
My Husband and I own 3 houses and two of them are rentals. He wants me to put the rentals under an LLC. Now I know an LLC is to protect you in the event of being suid, but if we have good insurance polocies, does that...
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Labor: 180-hours (15hrs/wk, $80K median household income) = ($7,200)
Labor includes reading BP(education), looking at properties, going to REI association meeting’s, talking to banks, agents, internet research(home...