All Forum Posts by: Bryan O.

@Adriane Boggs it's really going to depend on you. I personally will not make a lease over 12 months because I get no additional protection. Others only ever do month to month. I typically make my lease end at the end of April, May, June, or July since people are still moving and weather is good. Since yours are all at the same location, maybe it's best to end them at the same time so you can do all repairs and showings at the same time. It's really about you: can you handle >1 vacancy at a time? Do you like to have higher work load but lower travel/coordination time for a vacancy? Do you get busy yourself during certain seasons? It's really up to you how it fits with your life.

@Jered Noland I have never seen a better article written about analyzing markets than what @Brandon Hall wrote some time ago:

https://www.biggerpockets.com/...

@James Phillips just about everything! She can project manage the full flip, pick up duties for running certain pieces (i.e. you handle exterior she does interior), learn how to keep the books, do your marketing for properties, buyers, or investors, or any trade you need frequently but preferably one that is a pain to find in your market.

@Gaige Luther What is your business? What kind of RE are you talking about? Your question has no information to actually help you.

@Leandro Bidal the typical breakout would be to have your active income separate from your passive income. Your rehab company should be an entity. Once you finance out of each renovation, you would put them into your passive income entity. These are typically LLCs. There are tons of discussions in the forums around pros and cons of financing the long term personally vs commercially through an entity.

@Jennifer Papafio being an accountant (is that a full CPA?) you could probably leverage that skillset and apply it to RE investors and self-employed RE workers (think wholesalers, flippers, and agents). Hang your shingle and get to work! If you aren't ready yet, why not offer bookkeeping services that can be done from home? It sounds like you planned on being an agent. Are you looking to be a buy/sell agent? Or a property manager? RE is big and there are tons of ways to be involved in it. In most states it is inexpensive to become an agent and start working.

@Jannell Bond it is an amazing strategy. You do have to occupy for 1 year, and you will see that in your loan paperwork. It went great for me. Search around on the forums and you will find all kinds of information about "house hacking" and using VA loans. Basically, if you can do it with a 1-4 unit loan, you can probably do it better with a 1-4 unit VA loan.

It's the May meetup already! The sun is shining (not), the world is all green and warm (or cold), and the calves are... calfing? Make sure to come out tomorrow, there will be some great information around Short-Term Rentals: Garry is doing some excellent things with timeshare rentals and I have been trying out a different type of STR! Of course, springtime is turnover time as well for long term rentals. Make sure you have your process in order. Where do you advertise? How do you screen and what tools do you use? It's all about the system on this one.

If you are an investor (active or passive), wholesaler, agent, attorney, CPA, flipper, lender (traditional, hard money, IRA/401k, savings), tradesman, or just want to learn more about real estate and what options might exist in that area, then this is for you. We are not selling any services, training, or products, though there may be deals announced to the group by those who have them. If you have deals, are looking for deals, or trying to expand your knowledge or clients, come on out. We are here to help you succeed.

This is a free networking event. Come in, get food (or don't), grab a beer (or don't), find the group (or one of the many small groups that usually form up) and introduce yourself. If you are shy, then a great script to begin with is who you are, what you do, and what you are after.

Meetings are held every 3rd Tuesday of the month. If you are anywhere around Denver Metro or Castle Rock areas, come out and meet others who love investing! For more information, check us out on meetup.com. See you there!

If you are an investor (active or passive), wholesaler, agent, attorney, CPA, flipper, lender (traditional, hard money, IRA/401k, savings), tradesman, or just want to learn more about real estate and what options might exist in that area, then this is for you. We are not selling any services, training, or products, though there may be deals announced to the group by those who have them. If you have deals, are looking for deals, or trying to expand your knowledge or clients, come on out. We are here to help you succeed.

This is a free networking event. Come in, get food (or don't), grab a beer (or don't), find the group (or one of the many small groups that usually form up) and introduce yourself. If you are shy, then a great script to begin with is who you are, what you do, and what you are after.

Meetings are held every 3rd Tuesday of the month. If you are anywhere around Denver Metro or Castle Rock areas, come out and meet others who love investing! For more information, check us out on meetup.com. See you there!