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19 May 2024 | 2 replies
A better question might be: What are you doing with a property that has negative cashflow or is not producing the return you expected?
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19 May 2024 | 17 replies
Think about other financing choices, such as traditional lending or innovative financing alternatives for homes with several units.
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21 May 2024 | 34 replies
Little did I know, that is producing FARRRRRRRRR better results in the passive income department than buying a Godamn $400K house just to make 100 dollars passive income a month.It is REDICULOUS.Now, I get 2 people to subscribe to my subscription-based products and voila, little risk, little overhead true passive income.SAAS is where it's at folks when it comes to passive income.
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18 May 2024 | 5 replies
Any viable houses for say, under 250k that would actually produce cashflow?
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17 May 2024 | 4 replies
Basically, interested in partnering up with income producing properties.
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18 May 2024 | 11 replies
I went through an 'interview process' with my accountant and he had me produce paperwork demonstrating income and expenses for each.
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20 May 2024 | 88 replies
Directly to your distribution question: you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation.4.
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16 May 2024 | 11 replies
Owners/Operators have to identify new and innovative ways to offset these expenses just to survive.One of the most common solutions I keep hearing is bringing property management in-house (aka vertical integration).
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16 May 2024 | 2 replies
She is also my neighbor so I have been bringing her organic produce from my vegetable garden (she loves that) and even helped dog sit her dogs for free.
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16 May 2024 | 8 replies
I have a good income producing job, however, I have a 6 member household with teens, preteens, and children who are eating up my house like Pacman, lol.