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17 October 2024 | 12 replies
It won’t make you rich overnight, but it will give you a full understanding of the process, so you can take what you’re missing and implement it in your business.The best way to steer your business is by seeing the bigger picture.There are tons of reputable programs out there, such as the following:(I’m not affiliated with any of these—just sharing for your convenience).Sean Terry's program- Flip2FreedomWholesaling INC - Various mentorsJerry Norton - Flip Mastery And like I said, many many many others...invest in understanding the bigger picture and it can connect you to succeeding on your own terms
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17 October 2024 | 20 replies
One big takeaway is that MTRs function more like short-term rentals (STRs) than traditional long-term rentals.
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16 October 2024 | 9 replies
There is no better way to learn than watching real world first hand.The rich teach their children about money through first hand experience and at the dinner table.
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16 October 2024 | 9 replies
Hey Bryan, If you are in search of a non traditional business purpose loan there are DSCR based 2nd Mortgages (Must be an investment property) Or Hard Money 2nds on Primary Residence (Funds must be used for business purpose).
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18 October 2024 | 8 replies
For your first question about doing a "subject to" on a hard money loan, it’s possible, but it’s not as common since hard money lenders typically have stricter terms and might not allow a loan to be assumed like a traditional mortgage.
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17 October 2024 | 1 reply
I look at it through the lens of: 1) If I contribute to a pre-tax account like a pre-tax 401k, Traditional IRA, SEP IRA, I get a tax deduction, but now I'm in a partnership with the IRS, but I don't know what I will have to pay them later on in life when I start pulling money out (that is because when you distribute you pay taxes based on your effective tax rate at that time, which can be unknown). 2) With Roth accounts, (Roth IRA/Solo 401k(k) with Roth component), I can get the taxes out of the way on the seed, so I don't have to pay on the crop.
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16 October 2024 | 10 replies
Does not work as ideal brrrr even if numbers play out for traditional ideal BRRRR as there is no way to extract all cash invested.
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17 October 2024 | 14 replies
Save your $30k and put it towards a property.. not a rich guy like Karlton.
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15 October 2024 | 2 replies
Not sure if I should structure as a traditional home sale + a separate business package including all accessory structures, furniture, biz ops, STR license, etc.Maybe as an add on if someone wants to use it as a hostel business as well but still open to a traditional buyer purchase separately.
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19 October 2024 | 16 replies
You can still buy them vie traditional financing.