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Hi All,I have a potential deal in Memphis, TN for a long-term buy and hold duplex (3 bed, 2 bath each side) that I'm a bit torn on (running into some paralysis analysis) and would love your thoughts! I tried to includ...
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Hi Everyone,I purchased a property to flip about a year ago. Prior to purchase, as is customary in NJ, I had a tank sweep company come investigate the property. They indicated that there were no oil tanks on the pro...
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Reading Ray Dalio's book makes me contemplate some more about where real estate is heading. Looking back at the last 15 years everything seems so predictable. New housing starts grew year over year and well exceeded l...
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Am I all alone here? People in my area can make $50/hour. Now, if we extrapolate from this, 50/hr x 40 hours/week = $100,000. Many of the people are dual income families. So a couple makes $200,000 per year. How ...
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I have a contract to buy a distressed single family house that I plan to rehab and sell. The house is vacant and uninhabitable as is. It sustained water damage from a broken pipe in the kitchen last winter. The insura...
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The 70% rule of thumb seems like a great way of determining how much to purchase a house for. How many people that use the 70% rule actually achieve the 70% rule once the rehab has been done and the house has sold? In...
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Very soon I will be beginning the process of purchasing my first REI property.
Important back-story information:
I have a full time job as an engineer and currently work in Colorado. I will be purchasing...
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I currently own one single family rental property and am looking to purchase a duplex or a triplex next to rent out. Would it be in my best interest to create an LLC?
I'm a newbie here and am looking for all the guid...
I have an opportunity to pay off my mortgage by the end of the calendar year. At the same time I have been waiting for this opportunity to make my first real estate investment. I figure these are my two choices:1. p...
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Take this for what it is worth!
I am not a seasoned investor. In fact I started just last August. Since then I have rehabbed a house, have 2 rental units, and have wholesaled a handful of houses. I have an offer o...