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A group of us are looking at ponying up $50k each, or so, for a friend to buy, fix, flip a tired but rescuable As-Is house in a sweet spot. He's done 20+ of these, including working with a few of us on our own project...
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Would it be risky to open and offshore LLC in order to pay less taxes on the profit made from flipping a house? Is that even possible? Please advice.
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While surfing around Zillow, I noticed that the houses for sale (pre-owned and new construction) in my subdivision are selling for $10K-20K more than what I paid for my house. In my area you can buy/build a home foe s...
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I found a condo that has been sitting empty for about a year now. Background on the unit-The current owner purchased it about 4 years ago and was leasing it out to a tenant who neglected to pay rent for nearly 8 mont...
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Hi, just recently started educating myself to become a RE Wholesaler. I received my first call from a guy who wants to sell his 2 flat. I scheduled a meeting for tomorrow but i'm nervous. I searched as much as I co...
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Long story short, my dad passed away in 2006. My mom lives in the home which is 4BR/3.5 bath, finished basement and about 4200 sqft. She owes roughly $278k on the primary and is behind on the 2nd mortgage (about $40k)...
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I'm curious...For those that are self-employed or own business. How do you decide what you can invest into your primary business versus cash flow you invest into real estate?I've developed my own formula over the yea...
Im aware everyone has different standards, but what level of return would entice you for a fix and flip, for a fix and rent, etc.? Just want to get a gauge on what experienced investors look for in terms of returns.
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $48,369
Cash invested: $33,685
Sale price: $123,900
This was my first fix and flip, and I made well over my 40%...
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Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $90,000
Cash invested: $105,000
Sale price: $245,000
Our client came into the project as the owner of th...