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26 August 2024 | 13 replies
Hello all,I'm seeking advice on achieving a higher ROI in real estate investments beyond the 1% rule and maintaining around 35% of monthly operational expenses (including Cap-ex, maintenance, property tax, and vacancy).To the best of my knowledge and abilities, the 1% rule with 35% operational expenses seems to be the best I can achieve today.
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25 August 2024 | 6 replies
Every state has a unique set of laws and regulations regarding the foreclosure process, so your ability to succeed will depend largely on where you're operating.Also, all three of these require advanced skills and background, so I wouldn't necessarily start here.That said, if you do then be sure to get top-notch training and complete deal documentation from folks who have seen at least one full real estate cycle.Rather than specializing so soon in your real estate career, I would instead recommend just getting in front of as many real estate owners with problems.Just getting really good at talking (and listening!)
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26 August 2024 | 6 replies
Buying 5 single family homes is likely going to be a lot of work and there are other assets that cash flow better and are more liquid.He also has the ability to 1031 his equity into passive investments (which is a common strategy for property owners who are retiring).
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26 August 2024 | 24 replies
Everyone is happy to put their pen to paper as a cosigner, but the majority of them refuse to pay when they see a bill.
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26 August 2024 | 37 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLCsuch as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a speciality trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.
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27 August 2024 | 13 replies
And restructuring your entire business that involves multiple partners is yet another level of complexity and potential impact - and it is also called tax planning.If tax preparation competency varies from one accountant to another, the differences in the CPAs' ability to provide effective tax planning are ten times more significant. 12.
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25 August 2024 | 18 replies
Some people have the ability to find an Owner who will hold the mortgage on the Building.
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26 August 2024 | 44 replies
I like the “you can add a window unit” solution provided the AC is working to its best ability.
26 August 2024 | 16 replies
We value a long term win-win relationship, well- priced, well-maintained homes to ensure solid tenants as well as respect for our finances and investment, so the PM has to be of the same mindset and ability to perform.This has been by no means passive because things come up that have to be addressed, and a lot has to be organized, optimized and tracked.
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26 August 2024 | 34 replies
And invest in an area that's growing, the land is valuable, the cost to rebuild is 20%+/- the purchase price, you have the ability to weather the asset's volatility for a decade plus and trust the process.