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7 November 2024 | 2 replies
Think about the lifestyle you want.
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9 November 2024 | 9 replies
My biggest issue is that I’m using personal funds as owner contributions to these accounts and money moves from account to account on a consistent basis, so I’m trying to be diligent in proper accounting.
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17 November 2024 | 33 replies
But my biggest advice, make sure you properly comp the property.
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13 November 2024 | 15 replies
If the property is in fact vacant, the problem it runs into is proper comps where say it might have 9 bedrooms and the rest of the neighborhood and similar properties have 3.
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8 November 2024 | 9 replies
If you can own the property and pay a similar amount for a similar lifestyle, it's probably a good decision (assuming you can afford it if it doesn't go perfectly, needs repairs, etc.)With house hacking the rule of thumb is: The more uncomfortable you're willing to live, the better the numbers will be.
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13 November 2024 | 23 replies
Thank you.The general rule I go by, after flipping a ton of houses, is that I regret selling them now.If you buy them right (we’re an exception, as we buy at 7 to 15 cents on the dollar) and rehab them properly, you’ll get a ridiculous profit by keeping them, using strategies like the BRRRR method.Honestly, it doesn’t make much sense to sell them right away if you bought them right.
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11 November 2024 | 16 replies
@Garrett Brown glad to know we see eye to eye on valuable STR content and proper spelling!
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5 November 2024 | 5 replies
If you have multiple properties where you can do this, you can finance a very nice lifestyle and still retain the underlying assets.Just curious the groups' thoughts on this?
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11 November 2024 | 16 replies
I have seen a lot of videos of people are saying "Utilize debt as the power to take these leaps," so this is where I am ready to go if the deals make sense.Thanks for anyones help Regarding utilizing debt- In my opinion the proper way to utilize debt is to purchase assets that throw off more cash than required by the debt.
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8 November 2024 | 6 replies
But I recently upgraded and used a local designer who has given me full sets of interior colors and exterior colors so we can properly design each home