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...
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...
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...
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...
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...
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.
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...
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...
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...
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. ...