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10 February 2025 | 10 replies
i think this is a decision only you can make. im in a similar boat (house hacking my primary) and considering renting the whole thing out to get a solo home for myself. certainly a lot of appeal in that, given how much work goes into the house hack. but whether or not the numbers on cash flow align is up to you. personally i dont think $150 (seems like about 12%?)
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24 February 2025 | 20 replies
Building wealth quickly is not an enjoyable experience—you have to go through some pain to experience the reward at the end.Trust me, from personal experience: the quicker the wealth building = the more pain.
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30 January 2025 | 21 replies
For comparison, a Navy Federal FCU personal loan will be in the 15s%
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19 January 2025 | 4 replies
However, very glad that we pivoted to mid-term rental approach around $4,500 to $5,000 that has helped address vacancy.
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12 February 2025 | 12 replies
@Levi Perl Since your single-member LLC (SMLLC) is a disregarded entity, all rental income or losses are reported directly on your personal tax return rather than at the LLC level.
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16 January 2025 | 2 replies
I leveraged my owned land to build my personal home.
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11 February 2025 | 10 replies
Also, the transunion credit and background check is almost $50 per person.
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4 February 2025 | 1 reply
I personally like the town of Oakhurst and the restrictions are less rigorous than Mariposa. 2.)
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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2 February 2025 | 2 replies
As far as the business card is concerned, to me personally I think having both things on one business card is acceptable .