2 August 2024 | 15 replies
Get out of your comfort zone.
2 August 2024 | 19 replies
The only challenge when being a full time investor that depending on how much passive income you are generating from your investments that can slow you down in your growth or maybe you have enough to continue at a comfortable pace.
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2 August 2024 | 12 replies
Once you feel comfortable, you can consider expanding your portfolio or venturing into value-add deals.I like to start with single family homes.
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1 August 2024 | 33 replies
-Run the numbers for each deal to maximize profitable returns within your risk comfort level.The key is understand all the costs, and aim for a 20% ROI minimum in most cases.
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31 July 2024 | 13 replies
@David Spangenthal They have an interesting business model for sure...and if it works for you and you are comfortable with it, then go for it.
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31 July 2024 | 4 replies
Those are probably the biggest pieces, the rest is talking to other investors, surround yourself with these folks, build the relationships, run the numbers, get comfortable with the numbers, and start writing offers.
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31 July 2024 | 6 replies
Once you're comfortable, then you can dive into value-add opportunities or the BRRRR strategy.
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31 July 2024 | 1 reply
You are already losing money on it so you should either cut your losses and sell or be comfortable losing money on a monthly basis with the expectation to make it up on the sale down the road (see you're in FL so you might need to wait a few years).
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3 August 2024 | 28 replies
If cost is a big factor which I completely understand during these times, then search around but know finding that real estate-friendly accountant that is in the $1,300 (depending on your situation) range and having a good relationship with them might be difficult to find.Lastly, ask her if additional services come with that price. 99% of the time the answer is no, but some firms offer free mid-year calls or check-ins for being a tax preparation client.If you're comfortable reaching out to remote firms contact anyone here in the forums.