Hello,I'm planning on accumulating several dozen single family homes with cash over the next year, and then getting a non-recourse loan so I can leverage up the portfolio (without risk of personal bankruptcy). I am s...
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Something I knew but nonetheless seemed to have buried deep in the recesses of my mind...but I called a bank today about getting pre-qualified on a mortgage for a new primary residence. I have two properties I purchas...
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1) Tax Advantages - Income from Real Estate provides the ability to make money at lower effective tax rates through the use of depreciation and loopholes that a regular employee does not have access to. If I'm workin...
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Hi all, just looking for some advice/information. We recently were pre-qualified for a 5/5 ARM 20% down, offer made and accepted on a 2 family, inspection completed and accepted, attorney's are involved etc. All durin...
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I had an eviction 2 in a commercial space ($900/mo) followed by about 6 months of vacancy. That really hurt, and I was desperate to get a new tenant in, so I rented to them on a 1 year deal for $600/mo while they trie...
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Legit people who say they offer capital for real estate investing business? I get contacted by these people saying they offer funds for real estate investing like fix and flips, buy and hold, and refinancing.
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Governor Pat McCrory signed the NC PACES Act on Friday. The PACES (Providing Access to Capital for Entrepreneurs and Small business) Act enables a NC startup company to raise up to $1M via crowdfunding ($5,000 cap per...
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Hi, I am completely new to investing and have decided to look out of state because properties are too expensive where I live. I found a potential property that looks nice but the neighborhood scares me from what I'm r...
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Hello everyone. I am seeking advice on using SDIRA to purchase buy n holds. If I understand correctly, most lenders (traditional banks will not (or can't) provide loan/funding to SDIRA as they usually prefer persona...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Victoria.
Purchase price: $76,000
Being new to the real estate scene afforded confidence in my decision to buy this property. ...