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27 November 2024 | 8 replies
In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).
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26 November 2024 | 1 reply
Additionally, I’ve been wondering if it might be possible to create an LLC, rent my house to the LLC through a formal contract, and then have the LLC operate the Airbnb.
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26 November 2024 | 2 replies
Their book is super helpful, and so far I'm guilty of at least half of all the newbie mistakes they talk about, so I expect my rental operation to improve as I implement their advice over the course of next lease term.
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26 November 2024 | 11 replies
And when people get tunnel vision for lowest $ down, they tend to not give attention to the revenue generation of it, the operations, and that's a VERY dangerous combination of high leverage and not so-good revenue.
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27 November 2024 | 48 replies
Turnkey is generally a passive investment strategy, where you just buy from an operator and turn it over to them to manage.
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27 November 2024 | 6 replies
We operate in a broken system that is ripe for abuse and fails to protect us.
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24 November 2024 | 1 reply
Operations- how will operations be performed4.
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26 November 2024 | 86 replies
Those who run such a failed operation surely will have significantly degraded the assets and operations as well.
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26 November 2024 | 7 replies
Hey Becky,When you sell the property, the LLC will still technically own the property until it is formally restructured, so you will need to amend the LLC’s operating agreement and update its ownership structure to reflect the change, ensuring the absent partner’s interests are properly dissolved, and taxes are handled accordingly.
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26 November 2024 | 13 replies
Passive investing takes time up front to educate yourself, find operators and deals - but after you invest, you have limited obligations.