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18 October 2024 | 6 replies
@Ronit Lodd as a tax professional, I’ve seen people use all types of methods.
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18 October 2024 | 7 replies
One individual needs to make the final decisions.Dispute Resolution: Define and agree on a method for resolving disputes that may arise, such as mediation or arbitration, to avoid litigation.Change in Marital Status: What happens to the ownership if a party gets married or divorced?
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17 October 2024 | 19 replies
Here are the Positives:Upfront Payment: The tenant’s offer to pay the full year of rent upfront, along with the deposit, shows a commitment and provides financial security for you in the immediate future.At least She was Honest in Her Communication: The tenant has been transparent about her situation, which can be a positive sign of reliability and sincerity.My Negative Concerns:Her Future Financial Stability: It's only a one-year lease, if her medical condition and financial condition should worsen (Heaven forbid), you may have to face her wanting out of the lease earlier than the 12 months and eventually you may be faced with having to decide not to renew the lease (after her 1 year contract is expired) based upon the sad news of her condition becoming worse, (Heaven forbid).
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17 October 2024 | 0 replies
I’ve been seeing a lot of interesting deals lately, but the traditional financing methods don’t always cut it for some investors.
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22 October 2024 | 23 replies
You need to look at the credentials of the person offering the education and whether it is him offering the education or just one of his assistants.The cost should also be reasonable, in my opinion.If you are taking a class, not a personal 1v1, I don't understand why a class would cost more than $100 an hour.If you are getting 1vs1 communication, I can then see it costing $300+if the person does not have an visable experience, I would not consider paying for the experience.I also question these investors being oversold on someone they don't need.In my opinion, a person can retire by getting 10 homes backed by fannie mae / freddie mac loans.The oversell to getting outside capital to get a large complex is likely being sold to investors who don't have / make a lot of money.
21 October 2024 | 1 reply
You must also calculate the property’s potential to generate income.Let’s look briefly at several methods professional property investors use to look for good opportunities.The 1% rule in real estate investingThe 1% rule in real estate says that a rental property’s monthly rental income should ideally be at least 1% of its total purchase price.
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18 October 2024 | 6 replies
Register for courses covering the BRRRR method and Subject To financing2.
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16 October 2024 | 14 replies
Communication and trust are key.2️⃣ How I Met My Business Partner: Many times, people connect through networking, mutual acquaintances, or real estate investment groups (similar to this forum!).
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19 October 2024 | 5 replies
A great strategy to use for buying rental properties is the BRRRR method.
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16 October 2024 | 8 replies
This can be communicated to the agent so that you can have a "meeting of the minds" regarding showings.