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24 September 2024 | 1 reply
Find one thing you can do rn to achieve that first goal.
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24 September 2024 | 6 replies
But, as you pointed out, the product is money, and keeping the conversation focused on the exchange of value is key for others.It’s all about knowing your audience, and it sounds like your no-nonsense style has been incredibly effective.
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27 September 2024 | 13 replies
Real Estate is get rich slowly, $150k to invest is an amazing place to be and a great achievement, but it's also not going to produce a life changing amount of cash flow every year.
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23 September 2024 | 5 replies
However if I do a BRRRR I can achieve infinite return by extracting all of my investment.
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23 September 2024 | 8 replies
you can do a hard money style loan where its 50% down on the land and lender provides 100% of construction
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25 September 2024 | 14 replies
OngTo succeed in real estate investing, follow these strategies: attend seminars, build an online presence, fund your first deal, learn wholesaling, partner with someone with capital, retain information from books, and achieve a net worth of $1 billion.
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21 September 2024 | 9 replies
Look at properties up for rent in the neighborhood that are advertising for the rent you are looking to achieve.
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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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22 September 2024 | 0 replies
For anyone know of where you can go and get financial education in a camping style format?
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22 September 2024 | 0 replies
Purchase price: $220,000 Cash invested: $75,000 Sale price: $300,000 Beautiful 4Br 3 bath 2200sft Single family residence uplifted to its glory, and contemporary design and style.