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so, on Nov 3 I got my first contract. I found the deal on zillow. he first wanted 180k, but got it under contract for 119K, we even negotiated lower to 110k, but didnt get the second contract signed. Long story short ...
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Advice would be appreciated. I am funding a partnership with an "Operating" partner. His LLC will be the "GP" general partner with my LLC as the limited partner. He is coming in with NO capital but as the operating/Pr...
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Hello - I live in Issaquah, WA state. I want to invest for cash flow in current market. I tried Austin, Kyle, Buda but most of them turned out to be negative cash flow If I do 25% down and also account for property ma...
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My neighbor is moving and wants to rent his home that is across the street from my primary residence. I have three rental properties in the same area. He and I are in discussion on me acting as the property manager fo...
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Hello! My father and I are both realtors in the Austin area and are putting together a direct mail campaign targeting a specific neighborhood. We have never done this before (specifically for resale) and had some ques...
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What other kind of income can I deduct with Rental Real Estate losses?If lets say I have $50,000 paper losses from my real estate can I use it to deduct short term capital gain? What about other types of "passive inco...
So far all of my rehab deals have come from the MLS. I have an automated email feed from my agent that sends me (REOs, Short Sales, HUD, Auctions). Over the past couple of weeks I've noticed a bunch of REOs listed for...
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Hi guys, Long time BP listener, first time in the forums though. I've had my RE license for about 3 weeks now and I'm looking for some advice. When you were new, how did you go about showing your value to prospective ...
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Hello all,So short story, a friend and myself are really eager (but cautious) about starting in the real estate (buy and hold) business. We are looking into PA, more specifically the Lehigh Valley area. We have read m...
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Hi BP Nation,I am currently house hacking a two-family home in Milwaukee, WI. I've been making updates throughout the property as needed and one of the things I noticed is that all the outlets upstairs are "three pron...