
30 January 2014 | 11 replies
It seems like at least half of these realtors are trying to pull the wool over my eyes.

28 January 2014 | 2 replies
I believe that there also will be some wholesaling involved, as I'd like to create a steady flow of income over time.

27 January 2014 | 5 replies
This presupposes the loan will sell for a discount and the discount will be suitable for two different parties to get involved and make some type of profit.

18 December 2014 | 13 replies
@Jacob Elbe "So if you and the seller come to an agreed price it doesn't matter what market value is.sorry I couldn't be more help"In a situation where unrelated parties are involved, you would be correct, FMV might not be the primary factor.

3 February 2014 | 4 replies
I normally figure 5% or $4,500,,,part of the cost are the same for most houses (appraisal, many of the fees etc), some will vary a little bit (title insurance).I buy houses in just under $100k, and it seems like it normally ends up at just under 5%,,obviously this does not include any tax cost or credits that may be involved.

26 January 2014 | 12 replies
The tax planning strategy that some of the posts have eluded to used to involve getting the renters out of the property, moving into the property and converting it to your primary residence, and then selling it after a two (2) year period in which you have held the property and lived in the property as your primary residence so that you can exclude up to $250,000 in capital gains if you are single or $500,000 in capital gains if you are married (depreciation recapture would be taxable under this strategy).

26 January 2014 | 13 replies
So here is my plan I have some investors but plan on getting more involved but how would I pay my investors back monthly or annually?

29 January 2014 | 13 replies
This site really opened my eyes to what all is possible with REI.

28 January 2014 | 11 replies
To continue moving forward in your education and transformation, continue to read/learn here, but more importantly in my eyes is to meet other investors in person.

28 January 2014 | 9 replies
No management company involved at this point.Homes like mine are renting for around $1100 to $1200 so after a year when this prospect tenant moves out I will market the property for $1200 so the cash flow then, including a management company, will be $500.