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10 January 2025 | 28 replies
Yeah exactly, I use funded accounts so Im not risking my own money on my day trading income and have one of the best traders in the industry that is mentoring me who has made millions and millions but yeah that is a primary factor why I want to get into real-estate is the more long-term aspect and the slightly more passive side to the income ( obviously not negating work but when compared to a job income ) Thanks for your insight and the warning on day trading is 100% valid and most people lose money especially people trading with their own money.
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27 December 2024 | 18 replies
@Dmitriy Fomichenko because if the holdings in the retirement account are held longer than 1 year they are taxed at the long-term capital gains tax rate and not your ordinary income rate.
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22 December 2024 | 7 replies
But I also realize many people choose the direction of Appreciation first.In my hometown market (not Pittsburgh, but central NJ area), few small to mid size multi family properties could come close to cash flowing positively.
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27 December 2024 | 22 replies
Account Closed You can do automated lead generation in several ways, depending on whether you're looking for seller leads, buyer leads or private lender leads.Seller Leads: (1) Lead Swiper (online lead search with dozens of targeted searches), (2) Instant Leads -- direct access to listed properties nationwide with a click (3) OfferBot, automated offer making software (I use this every day) (4) Direct Mail Connect (upload your own list or use lists out of Freedomsoft) -- my team manages a ton of direct mail in my real estate business using this, (5) SMS lead generation (I use this every day)...and that's just scratching the surface.Buyer Leads: (1) Nationwide Cash Buyer database (millions of buyer records at the click of a mouse) -- including buyer name, address and all property addresses they've bought including closing dates and prices paid
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22 December 2024 | 0 replies
Problem: Set & Forget - Most people know the importance of an accountability partner when it comes to goal setting.
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18 December 2024 | 1 reply
Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!
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20 December 2024 | 9 replies
I recommend finding a real estate and business accountant to help you with filing your taxes.Bigger Pockets is a great place to find a real estate tax accountant.
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15 December 2024 | 5 replies
A nice but rental quality unit gets 1500-1650 regularly in that area depending on the size and finishes.
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19 December 2024 | 2 replies
Look for a mid-sized PM company with a strong local presence.
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27 December 2024 | 4 replies
The numbers are tough and it's hard to account for all unforseen expenses.