You can find sub $100k units in parts of NE and SE DC...but it may not be possible to finance them.  

I didn't say they were motivated per se, but you'll run into more sellers that are willing to hear an offer when they have high equity.

Hi Everyone, curious of your thoughts on this property.  I use an excel property analyzer which I'm pretty comfortable using at this point.  I bundle all expenses after taxes/insurance/mortgage into row 18 (maintenanc...

I agree with @Michael Plaks on the over-recommendation of S Corps, especially for someone making $100k+ at a W2 job for which the SE tax savings would be limited since they already max out social security tax.

Money isn't an issue per se as we just downsized our primary so we have money from that.

Chicago Multi Family Meetup (even if you're not into multi family per se)2.

@Greg Seivert You're absolutely right to question that advice.Just because you qualify as a Real Estate Professional (REPS) under IRC §469(c)(7) does not mean your rental income shifts to Schedule C, and it does not trigger self-employment (SE) tax.Rental income, even when you're a REPis still reported on Schedule E, unless you're:Providing substantial services (e.g., cleaning, concierge, hotel-like operations), orRunning a business like flipping or wholesalingREPS simply allows rental losses to be treated as non-passive, so they can offset other income like W-2 or business profits.

Not implying it is a bad investment, per se, but unless you understand how to maximize values and what risks are appropriate to take, you might as well throw your money into a money market or S&P index fund.  

I wholesale in SE Wisconsin and also buy.

I wanted to sell to put the money in the stock market, so I wasn't a "motivated" seller per se.