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18 November 2024 | 12 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
15 November 2024 | 14 replies
I will be making $55-$60/h by the time I’m certified at 21/22.I am also looking into side hustles to increase my income such as flipping cars, reselling etc.As of right now I have around 8k saved, and 5k invested in stocks.Obviously I cannot buy a property with just a few grand right now, but basically I just want to ask for any advice or tips you would give to me or your younger self when you started.I usually listen to audio books on personal finance and business while working instead of music to further my knowledge.Any sort of advice is welcome, books, podcasts, methods to learn about.
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16 November 2024 | 12 replies
Here are some numbers: Current PITI: $3,970Estimated rent: $4500-$5000 (there are several homes within 4 blocks of mine that owners have turned into rentals and I've been able to compare online pics to our home, so I am confident this is a good estimate)Sq ft: 1790Estimated sale price today: 1150000-1250000Mortgage balance: 612,000I would self manage.
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14 November 2024 | 8 replies
We partner with Tenant Turner and allow self showings without the hassle of trying to schedule with an agent.
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14 November 2024 | 8 replies
As a young self-managing landlord, I feel like it makes collecting rent look and feel more "official" so I am taken seriously... and my tenant set up autopay (score!)
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13 November 2024 | 15 replies
As a self-employed 1099 individual, your best route is most likely DSCR.
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14 November 2024 | 9 replies
Actually more becuase now you are self-employed and have all of those pesky overhead costs.
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14 November 2024 | 40 replies
Brandon Turner was a big proponent of "no money down" (which, in his defense, did not ever mean no money at all) and i think the market changes in the last 5 years still have not been internalized.
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14 November 2024 | 9 replies
@Michael Smythe speaking as both someone who owns rental properties that we self-manage, and a manager for other owners, I think' you'd have a tough time going after the property management company.
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17 November 2024 | 18 replies
Most fail because that exact reason, there why is SELF-serving.