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I'd like to understand if i am getting the most out of this property: It is a 1550 sq ft single family 3/2 ranch home in the Orlando Fl. SODO-ish area. Corner lot is 110' wide x 140' deep. house sits right in the midd...
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If a house had fire damage and an investor e.g. myself remodels and brings it up to code, when I flip, do I disclose to the buyer that the house had prior fire damage ? I am new to investing so just trying to think of...
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Hi all,
So I'm planning on purchasing a duplex under a conventional or FHA owner-occupied loan. The loan terms state I have to occupy the property for at least year. I don't see myself living in the unit until 8 mon...
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This is just out of pure curiosity. What would happen if one decided not to report rental income? Let's say the tenant paid in cash each month. How would the IRS find out?This is purely hypothetical, I'm not suggestin...
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I am looking at purchasing a foreclosure (reo) and am wondering what the differences are with this and a traditional sale, besides the obvious, from an investors stand point. Since its owned by a bank I would assume t...
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Hi all, quick back story, I've started the process to potentially medically seperate from my current profession. This would leave me with monthly tax free income equal to what I'm currently taking home. It would also ...
Hello BP,
I'm new to investing and want to begin by buying a property in Detroit. I wanted to know if my current strategy is a feasible plan. I won a auction for an house threw the DLB (Detroit Land Bank). The hous...
Hey Everyone!My parents are in their mid-70s and are looking to hand over their properties to my sister and I. They have been managing the properties by themselves during their retirement, but now they're looking hand...
My wife and I have a few rental properties and are interested in purchasing more. Today, we toured a property that would make a great, unique vacation rental property. We are currently in the process of buying anoth...
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We are about 20 days from closing on our first investment property, yay! And while I've been fairly proactive thus far on getting multiple quotes for work, I'm curious, what is the best order to get work done? Do you ...