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7 December 2024 | 35 replies
On the $650k we financed and “wrapped” we earn the 6% differential every year - or $39,000 (declining as amortization occurs).
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9 December 2024 | 11 replies
For me I invest my SDIRA money in debt investments which typically are ordinary income when using w2 income and use my hard earned cash to buy properties.
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11 December 2024 | 8 replies
This can help you estimate potential earnings.2.
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8 December 2024 | 8 replies
A lot of that is referral based or people find my site online, organically.
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9 December 2024 | 98 replies
The IRS partially validated it by saying it is taxable, but they also tax illegal earnings.
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7 December 2024 | 6 replies
Quickbooks online could work for what you need.
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5 December 2024 | 37 replies
Hey @Vhernadette Sasing, with your high income and limited time, a solid approach might be investing in cash-flowing assets that are low maintenance, like passive multifamily syndications, or exploring online businesses with recurring revenue models (e.g., SaaS, subscription-based e-commerce).
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4 December 2024 | 6 replies
Recommended resources include books, podcasts, websites, forums, and online courses.
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11 December 2024 | 12 replies
I just can't find ANYTHING online that isn't from Chris or his team.
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10 December 2024 | 6 replies
The only way to answer that in general (whether house hacking in today's market is still a good option) or for a particular property, is to learn how to run the numbers and analyze a specific property to see whether it will be able to stand on its own as an investment when you move out someday.There are a lot of resources here on BP for doing that but I'd just say, make sure the assumptions you're putting into your spreadsheet or deal analyzer are realistic.Make sure the rents (especially for vacant units or pro-forma #s) are realistic by doing your own rent comps; make sure the mortgage rate is realistic by doing some research online and/or talking to some mortgage folks; make sure insurance #s are realistic by getting a couple of quotes for the # of units and zip code / area you're looking in; etc.I hope that helps, and good luck 😊