
7 August 2024 | 13 replies
I can't count how many times I met with a seller and said my commission is X% (and I'll pay the buyer's agent out of that), and they replied that so-and-so says they only charge Y%.

7 August 2024 | 6 replies
Count your no's and eventually you'll get a yes

7 August 2024 | 6 replies
I think the answer to this question really depends on a few factors such as your current unit count, location of your properties, long term goals, and how much of your income is based off of your units.

10 August 2024 | 85 replies
You will have the odd desperate seller like an American who took a mortgage on his US home to buy a property in the Dominican Republic and was counting on the rental income in the Dominican Republic to pay off his mortgage.

8 August 2024 | 17 replies
Remember, the seller is counting on this to close as well.

8 August 2024 | 29 replies
With a $500k investment you could probably easily grow to a $1.65M, 6 units portfolio, with cash flow in excess of $2,500/mo, all while reducing your structure count from 6 to 2.

7 August 2024 | 7 replies
A primary residence does not count for 1031 exchange purposes, so you would need to reinvest your capital gains from the rental portion of the 2-family into another property or DST in order to avoid paying taxes.

7 August 2024 | 6 replies
This could be good if you plan to raise rents quickly, but it could also be risky if you’re counting on steady income to cover expenses.

6 August 2024 | 14 replies
As far as why I was considering an LLC - it seems like there's two camps, those who think it's a necessity for legal protection, especially as you grow in unit count, and those who think it's mainly a waste of time and money.

5 August 2024 | 5 replies
And ideally sell it 4 years later.If I can more or less count on the renting of additional bedrooms to cover the running costs of the house, I'm really only looking at taking a hit on the buying/selling costs - which SHOULD be lower than what it would cost to house him in dorms for 4 years.I feel like this is pretty obvious and easy (not trying to make significant money here, just thinking I could save $10-$20k on housing costs over 4 years).