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23 February 2025 | 2 replies
But all the articles I read , says it's best to use cost segregation(which will eventually be recaptured when sold or do a 1031) Given it's vacant for 3 months in 2024 .
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8 February 2025 | 34 replies
Very limited doesn't really convey it in venue sense, nearly non-existent is more accurate.
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5 February 2025 | 8 replies
Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.
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7 February 2025 | 6 replies
What has a lot of folks spooked is that simply doing a 1031 exchange is an attempt to avoid tax.
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30 January 2025 | 6 replies
This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).
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1 February 2025 | 1 reply
They could make more money working part-time at McDonald's.I think construction is one of the best opportunities if you can find the time.
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8 February 2025 | 8 replies
$40,000 x 25%(assuming a 25% interest rate on credit cards) = $10,000This is more than the annual cash-flow that you are getting from the rental.I would look at a way to paying off the credit card debt asap.Look to see if you can take a HELOC on the investment property(likely difficult).If you can't you may want to consider selling the proprety.You will also feel a lot of relief of not having credit card debt hanging over you.What is the interest rate on the car loan?
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30 January 2025 | 6 replies
I started a property management company in 2017 and am now managing almost 800 doors and 6 construction crews.If I could do it all over again, I would have spent a little more time setting up business systems prior to jumping in.
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21 January 2025 | 31 replies
I had done extensive reading and research on best practices and entity implementation that would best meet my specific needs.
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9 February 2025 | 15 replies
That means that you will need to get those particular ducks in a row before you get rolling.Also, sites like Taskrabbit.com has a lot of folks on there that can help get things put together, setup the spaces etc.