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Hey everyone, The 70% rule seems absurd. If the contract we have goes through on my current flip I should make $69,000 in profit on a property that came out to an 85% ARV-repairs. What am I missing? Teach me please...
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Hi everyone - my husband and I are Denver based and are purchasing an investment property in the Tampa area with our friend. Our friend will be living in the house as his primary residence and we are splitting all cos...
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Granted I am a newbie at this and just starting all my research on the subject (so be gentle). I sold a business and have some capital to invest and I love doing research. So this seems like an interesting "job" to ...
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Hi everyone , I am new to the forum. I am in Raleigh, NC ( new to the area, and learning the market) and making an attempt to get a wholesaling business off the ground. I have everything in place (website, business ...
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I read many articles saying that you can deduct your property management fee or your repair costs or your insurance cost from your tax on your rental property, are those fully deductible??? Like if the property manage...
Hi everyone! We have two properties in IN. In one property, the tenant wasn’t paying rent and upon inspection by the PM, the property had significant damage, so we asked them to move out and their account was put int...
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Hi all, Thank you for taking time to read this. Background: I rent two apartments in Downtown JC and am tired of paying high rents + shoe box size + kinda done with cityPlans: I want to buy a land somewhere in upstate...
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Hello everyone, My name is Earl. (Feel free to insert a dumb joke about the TV show here. It'll be very original, I'm sure.) I've been a Mechanic at a local dealership for 13 years. After being in the business for ...
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Indianapolis is proposing registration for all Landlords in Marion County. Is this something that is common in your area? There will be a $5.00 fee and a $500.00 fine if you don't register. I can see issues with...
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Hello Nashville Investors!I am curious what kind of success everyone is having in Nashville. My partner and I are implementing a business model that has worked very well in Colorado Springs but we have heard the Nashv...