Greetings Bigger Pockets,If you've read my previous posts, I was 30+ days under contract to buy a duplex (bank owned foreclosure) and was only waiting on the appraisal before closing. The VA appraiser discovered it is...
Hi.
I need some help in my clarity. I have been educating myself for about a year and investing for about 6 months. I have been analyzing some deals and have already walked away from ONE 11 unit apartment building th...
Hello,
I live in San Diego. I am looking to invest in the Milwaukee, Cleveland, Memphis, and Columbus as I have narrowed those down for my market choices right now.
I've got about 10k cash saved up. I am ready to ...
I have bought and flipped for quite sometime but now I want to change my strategy to purchasing and holding properties. Guess my first question is how is this possible. Most lenders now want 20 % percent down per purc...
Goal:
Retirement for my wife and myself by the end of 2020. (ie. $7000/monthly cash flow)Plan:
Purchase and Hold inexpensive duplex properties primarily in the florida area.Breakdown:
Year 1-savings and credit b...
My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...
Hello Everyone, Recently in one of my STR homes, the tenants cause major destruction to the property. It looks like they rented it for 2 days and went wild. Holes in walls, broken bathtubs, smoking weeds in the hous...
Hi All, I am a 29 yo male currently employed in a relatively stable job ($100,000/yr). I'm not focused on saving a lot right now and basically, just put money towards my 401k (10%) and am aggressively paying down/off ...
This was a unique transaction, and as much as I'd like to say I've "been there, done that, seen it all," this was my first transaction involving a wholesaler. Cast of characters: Account Closed - Wonky-deal-friendly e...
Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...