Recently, in the case Birdsong, doctor's wife demonstrated that she actively and extensively managed their rental properties and was therefore a “real estate professional”. RE professional is not limited by the passi...
Even though I have experience with rentals, trying to do a flip for the 1st time. Got a property under contract in Beverly Chicago. I am just trying to find a good contractor and money lenders..Purchase at 245k, wher...
Hello Everybody,
I have been reading these forums for a while now and have decided to focus my time on sub 2 investing. I'm currently looking for a mentor who can point me in the right direction on the ways to be suc...
I have negotiated a short-sale for a 2/1 condo within walking distance to downtown Orlando, FL. The market value is $125-135k and I have contracted to buy the property for $85k. My exit strategy WAS something like t...
Hello Fellow Investors (Warning: this somewhat advanced but could be genius with your feedback, so be patient)
I have been giving this strategy a lot of thought, and would like everyone's feedback. After ...
My dad owns a home in Pittsburgh that is too big for just him and needs a lot of work (roof, water heater, HVAC). He has spoken with a local investor that wants to purchase the property from him for 100k. My dad owes ...
HI everyone one, so the COVID put a hold on my first real investment (I have a property where I live in S FL with tenants but this is the first out of state property)
I am looking for any further details on these sta...
I have decided to sell my portfolio of 4 SFR in NE Philadelphia. I am looking for some advice on the optimal way to sell these properties. Would I expect to get the highest price selling all 4 as a package or one at a...
I've heard 4 and 10?
What I'm thinking about doing is buying a house once a year moving every time, so essentially I would have 4 OO financed rental properties. Each time cash out refi-ing up to 80 or 90% and using ...
In February, my son will be renting out the 3/1 house he bought in September. Ultimately,in a few years, this house will be one of many of homes in an Autistic intentional community within an already existing communit...