Below is a brief walk through of my journey in purchasing my second single family rental in Memphis, TN. I made plenty of mistakes when I made my first purchase, some of which I talk about in a prior post that can be...
For those of you who are unfamiliar, a man was able to trade his up from a red paperclip to buy an entire house in just under a year...
You can read the story and see the various trades he made here: http://en.wikipe...
Fellow rehabbers, have you ever had this happen? You bust your behind on a rehab and then have a potential buyer pass on your newly rehabbed house because they saw how much you paid for it on Zillow and they think...
After our brother died a couple of months ago, my sister and I inherited his 2bd/1ba 885 sq. ft. condo in Stockton, CA. Unfortunately, it's not in the greatest of areas, and the highest sale price lately has been ...
I was told that some lenders may not refinance trailers house due to the quick depreciation. I’m planning on moving a trailer house onto an acre of land and refinancing it for a cash payout. Would this be a bad idea?
In these market times if you are a real estate investor then you are familiar with the term “Value Add” but if you are not familiar, value add simply means do something to a property to improve its value. Typically t...
Hey everyone,Right now, I am feeling very thankful to have bigger pockets to go to for advice! Thank you in advance for your replies! I am hoping to write an offer today if I choose to go ahead with this purchase.I am...
I want to buy a sfh rental using my 401k. Essentially I want to be my own private lender by loaning myself funds out of my 401k to buy the property free and clear and then do a refi 6 or so months down the road in ord...
Hey guys, I have a question.
Hypothetical scenario:
SFR
$1000 NOI
$500 Service on a selling financing.
Cashflow = $500
Are you taxed on the $1000 NOI or on the $500 cashflow?
Hello Everyone,Let me start by telling you I have only done Wholesaling, Fix & Flips as well as New Construction at this point in my real estate investing career. I have finally decided to try Multi-Family investi...