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24 January 2025 | 3 replies
Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.
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21 January 2025 | 5 replies
Not everybody can: https://www.biggerpockets.com/forums/51/topics/1075919-five-...Also, cost segregation will not help you with your CA state taxes, only (potentially) with your Federal (IRS) taxes.
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25 January 2025 | 14 replies
It also offers a chance to shift into something more passive, reducing the hands-on management that seems to be more of a hassle now that you’ve moved.That said, the rental income potential from your properties is worth noting, but there’s a limit to how much you can boost your cash flow, especially after already making significant upgrades.
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27 February 2025 | 26 replies
In that scenario, you've potentially got 8 doors and used the same amount of funds.
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10 February 2025 | 16 replies
We’re simply cheerleaders, fellow players, and coaches trying to get the new players to live up to their potential.
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25 January 2025 | 5 replies
I’m hoping to learn more about the industry, its dynamics, and explore potential opportunities for collaboration and growth.Totally understand that nothing in this field comes for free, and I’m more than willing to share my expertise (tech related) and provide support wherever our skills and goals align.Looking forward to hearing from you and hopefully connecting soon!
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27 January 2025 | 5 replies
You'd learn and potentially earn a profit at exit.Another way is to wholesale the land.
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10 February 2025 | 10 replies
Escalation clause is an attempt to combat that potential lie.
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24 February 2025 | 36 replies
Any mixing of personal and LLC funds can compromise this liability protection, potentially making you personally liable for any claims or lawsuits.
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24 January 2025 | 1 reply
It is something I am interested in doing in the future, potentially even this year, but I am curious how to put concrete numbers to this decision.