
13 October 2024 | 34 replies
There is an abundant amount of deals beating the 1% rule there.

10 October 2024 | 16 replies
Options1) I have some cash buyers who are ready to acquire the property under the as-is condition2) Make basic updates to pass U&O, rent it for two years, and refinance it after to take out my investment and profit. 3) Make an update to get the maximum value from the property (Bought at $126K, as-is value $165K, and updated value $265K)The challenge that I am facing is to make the title clean faster without waiting two years so that I can take my investment out and put it into the next foreclosures.

11 October 2024 | 14 replies
The rent will offset the cost of your primary which allows you to save faster for the next one, plus it can become a rental property when you move out.

10 October 2024 | 2 replies
By taking the equity from one property and reinvesting it into another, you can continue building your real estate empire without constantly injecting fresh capital.Why BRRR Works for Real Estate InvestorsThe BRRR strategy allows investors to grow their portfolios faster because it leverages the property’s equity to fund future deals.

9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

11 October 2024 | 10 replies
I always tell folks not to beat themselves up, we don’t know what we don’t know.

14 October 2024 | 24 replies
.- what I am trying to say is that, if you are a "professional fund manager", you could create your set of portfolio that could beat the market , in this situation , the 401k is even less important.

9 October 2024 | 0 replies
It will need vacuuming from time to time.Hard to beat for $89!

11 October 2024 | 7 replies
We build some plugins to make this process much faster as well.

7 October 2024 | 11 replies
It also makes Renter's insurance verification a breeze.I decided to try their premium features as with 29 units the yearly flat fee seem to justify the faster deposits, faster syndication, faster CS support.