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7 February 2025 | 5 replies
But I think, with so many pro-tenant laws coming out, if I buy a property in a more "sane" city, who knows if they won't introduce woke laws later in the future.
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30 January 2025 | 4 replies
You can offer to buy the upstairs residents an area rug, but I wouldn't force it on them.
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31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.
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14 January 2025 | 329 replies
I also read forbearance negatively affects your ability to buy more property.
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14 February 2025 | 10 replies
So you can buy a four flat, live in one unit and rent the other three, but you have to live in one unit on the site.
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29 January 2025 | 3 replies
@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.
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10 February 2025 | 11 replies
It's near impossible to cash flow when most homes are selling for above $750K, Taxes and Insurance added in the PITI payment is higher than the rents.You can buy a Duplex 2 unit for example in either FL, IN, or OH and not pay more than $200K the rents are typically $1200-$1500 a door.
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30 January 2025 | 7 replies
@Christopher HeidrichRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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26 January 2025 | 17 replies
When I first got started I didn't officially join any coaching programs, but I did buy the materials at mobile home university.