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26 November 2024 | 2 replies
Their book is super helpful, and so far I'm guilty of at least half of all the newbie mistakes they talk about, so I expect my rental operation to improve as I implement their advice over the course of next lease term.
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26 November 2024 | 11 replies
And when people get tunnel vision for lowest $ down, they tend to not give attention to the revenue generation of it, the operations, and that's a VERY dangerous combination of high leverage and not so-good revenue.
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27 November 2024 | 48 replies
Turnkey is generally a passive investment strategy, where you just buy from an operator and turn it over to them to manage.
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27 November 2024 | 6 replies
We operate in a broken system that is ripe for abuse and fails to protect us.
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24 November 2024 | 1 reply
Operations- how will operations be performed4.
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26 November 2024 | 86 replies
Those who run such a failed operation surely will have significantly degraded the assets and operations as well.
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26 November 2024 | 7 replies
Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.
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26 November 2024 | 13 replies
Passive investing takes time up front to educate yourself, find operators and deals - but after you invest, you have limited obligations.
26 November 2024 | 7 replies
No, but I don't operate below B class.
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25 November 2024 | 4 replies
Even small-scale operations like beekeeping, organic farming, or growing specialty crops (e.g., lavender, hemp, etc.) can generate income.Hunting Leases: If the land has good wildlife, you could lease it to hunters during the appropriate seasons.