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26 December 2024 | 6 replies
DealMachine is a powerful tool for real estate investors, especially for finding off-market deals through driving for dollars.
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5 January 2025 | 33 replies
Basically when you compare Cleveland to Riverside, California most every Cleveland deal will look amazing to you on paper.
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18 February 2025 | 148 replies
That's separate from actual investing money - the "cover charge," if you will.Wanting to see them in action vs blindly going all-in from the jump w/ RADD IC, my thought process was to get into a c"onsilidated" SDIRA from where other funds were, and knowing those are basically untouchable for quite some time (at least for me), seeing where things went vs. putting in liquid cash from day 1.
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30 December 2024 | 8 replies
Basically, it just depends on the comps in the area and the property values in that area.
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30 December 2024 | 20 replies
@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)
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27 December 2024 | 3 replies
It will familiarize you with the basic terminology and benefits.
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26 December 2024 | 7 replies
And even if they do, they can change that at a monthly BOD meeting.Plus, since you are going to have to hire out the 1) Property Mgmt, 2) Repairs and maintenance, and 3) cleaning, your profit margin is going to be very slim, particualry in a condo (which will have a much leaner net profit than a basic house.Not trying to be a downer, but I'd suggest looking at another avenue for REI.
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25 December 2024 | 12 replies
You don’t get CA level appreciation in Kansas City.Some areas are high crime so need make sure you understand the neighborhood you are investing in, like any city all locations are not equal.Very car centric city, mass transit is not widely used, people don’t walk, they drive outside of a few very walkable locations in heart of the city.
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7 January 2025 | 22 replies
Real material cash flow is basically 50% of your net income.Cash flow is a metric that requires a debt ratio.
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9 January 2025 | 46 replies
Instead of giving me excuses, brushing me off, ect ect, my taxes were done in 3 days.My tax liability went down by 10k with my deductions (now finally added) and my new CPA charged me $1300 for my business, personal and WALKING ME THROUGH THE WHOLE PROCESS.True Books charged me $6500 to get to this point (and wanted another $1500 for the final leg) to basically have me rack up fines, brush me off and gaslight me as if this is the norm.I'm writing this review as I wish someone had written it for me. 0/5 stars.The only thing True Books got done in a timely matter was the cashing of my checks.Sorry!