Hi I recently came across a truck station gas station deal in the northeast, selling for about $2.5, revenue around $6.0, and cash flowing around $500k. Seller is claiming that they do over 2 million gallons a year. I...
I have an opportunity on buying off-market property which is divided into several residential lots and several industrial. The property manager said the industrial zoning had been changed to mixes use. The owners want...
At what point is it determined, in the eyes of the IRS, how to tax a flip? For example, if we buy a property with or without the intent of renting it out, and after rehab we place a tenant in the unit, can we sell it ...
Hi all: This topic comes from a previous one. I want to learn as much as I can from this experience as it can provided insights for the future, and considering each experience is unique and that I am in for the long t...
I need your help! I found an awesome deal for my first investment and need some advice! So, about the property. 3b 1.5Ba in dayton ohio for 35k. Zillow and core logic appraisal is 55k and comps are in the same ballpar...
Hello BP! I have 2 rentals I am rehabbing and need some advice on where to get cabinets and/or vanities. The first rental is a section 8 for $1400 a month that is in a low income neighborhood with families. Need cabin...
Morning BP!!!
I posted this another part of the forum, but I thought it’d be more appropriate here.
Today I’m closing on my first duplex! Right now both units are vacant. The plan is to renovate unit one and get it...
This would be my first deal and I want to make sure I don't rush in and I have the numbers right. It is seller financed and the house price and interest rate can be negotiated. Each apartment goes for $700 a month and...
Just putting out the feelers. I currently have a home warranty on my rental home that I am considering dropping. I have had them for about three years, but have only had to use them once and it turned into a headach...
Hello!
I am currently looking for advice/tips on buying a multifamily home in NJ, preferably a duplex or triplex, in which I can house hack. As many of us know, the NJ market is competitive and can be expensive. This...