Tony Thomas
Should I start a property management company?
24 October 2024 | 12 replies
Second, running a management company would enable you to deduct a wider range of business expenses, such as office supplies, travel, and marketing expenses related to managing your properties.Another big advantage is that, as a property management company owner, you’ll have first contact with a lot of distressed owners who might be open to selling their properties.
Nicholas Joseph
New Skills to Increase Personal Income?
13 October 2024 | 2 replies
I’m a fairly new investor, currently with only one STR/MTR duplex in Indiana, and I’m looking to develop new skills in order to improve my personal income to help expedite a second rental investment.I am a touring musician, and also have 5+ years of bookkeeping experience for one of my small businesses, and I run the books for my one duplex as well.
Account Closed
What Is the 70% Rule in House Flipping?
21 October 2024 | 4 replies
Although this 5.5% to 6% is taxable, it still enables them to offer above the 70% guideline.Experience also plays a key role.
Lia Veit
New investor looking for advice
23 October 2024 | 22 replies
Turnkey properties, which require minimal immediate work, enable you to start generating rental income right away.Remember, no amount of education can replace the lessons learned through actual experience.
Dan K.
True Story: For immigrants, Real Estate is the best way to reach the American dream
15 October 2024 | 8 replies
She rented them out, occasionally sold for the appreciation, and bought more ... and more, and more.Successful and happy by any standard, real estate enabled Abu to buy her own home and homes for all six kids.
Jackson Hanssen
Hello from a new member of BP
14 October 2024 | 9 replies
I'm currently the founder and CEO of 1031 Prime, a tech enabled 1031 exchange service to help keep taxes at bay and support the defer, depreciate, and die model.My goals for the next 18 months are to continue to grow 1031 Prime by servicing my fellow real estate investors and buy a small MF property, Ideally 4-8 units.
Kegan Brenner
What does diversification look like to you!?
14 October 2024 | 37 replies
A purpose-built LI policy can do so much and still enable RE investing--when, like you noted, it suits the needs.
Sandra Feurtado
Out of State Investing
14 October 2024 | 19 replies
Financial independence requires an income that enables you to maintain your standard of living throughout your life.
Edward Heavrin
Paying off a rental aggressively. Pros & Cons?
20 October 2024 | 84 replies
High leverage enables rapid growth, no leverage is safe and enables peaceful sleep.
Mohit Khanna
Australian investor looking at entering US residential market
16 October 2024 | 25 replies
This could streamline your financing process and help you acquire properties more efficiently, enabling you to take advantage of investment opportunities as they arise.Understand US Financing: Familiarize yourself with the US mortgage market.