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29 October 2024 | 15 replies
They have told me that to go past the first level of fighting your taxes, to the appeals part of the process, you need to have an attorney but that it gets expensive quickly.
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25 October 2024 | 2 replies
Instead of refinancing immediately, you hold out for rates to drop, which many economists predict will happen as inflation cools and market conditions stabilize in the coming years.Refinance when rates drop, extracting capital while maintaining cash flow at a similar level due to the lower interest rate.Repeat the process by redeploying the refinanced capital into new investment opportunities.This version of the BRRRR method is more of a long-term play, as opposed to the quick 6-12 month cycles many of us were used to.
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17 October 2024 | 4 replies
Hi Everyone,Currently working through a BRRRR and wanted to get your thoughts on whether I should invest in floor leveling and lifting?
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24 October 2024 | 6 replies
@Suhaib - For me, the biggest driver is the ability to increase rents for a particular building/property and then investigating what it would take to get the rents to that level.
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28 October 2024 | 34 replies
Other options that are rarely talked about, but also an options, is to sell property without 1031 Exchange and get cost seg on new property that reduces capital gains (this strategy depends on property type, level of participation, etc.). ...
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25 October 2024 | 11 replies
Are you wanting a review on a marketing deck for major call outs at a high level?
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27 October 2024 | 13 replies
This type of trust is easy to set up (by yourself), costs NOTHING, and gives you a level of anonymity that every real estate investor needs.
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23 October 2024 | 9 replies
Would you stick with the bank (have kept the communication going with my contact on what i'm working on, high level is 25% in, 9% rate amoritzed 15 currently but I think they would do 20 and also includes construction phase but not sure yet on when it would switch to p&i) and go that route or would bringing in a cash partner (friend/family, have multiple people interested) be something to consider?
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25 October 2024 | 8 replies
To pencil out whether a deal is good I work at a high level and have maybe a 15-25 tasks and to actually manage the work once I buy a property I might have a a couple hundred tasks depending on the complexity of the job.
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24 October 2024 | 10 replies
And I feel this book took my personal due diligence (and how I look at deals) to the next level.