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15 October 2024 | 40 replies
I'm not an attorney, so take my advice with a grain of salt: a broker who works with investors of all walks of life, big and small, I've noticed most form an LLC once they have two properties or more.Many will form one if they just have one, but if you're talking about house hacking, keep in mind, conventional lenders don't allow entity closings and they are the only lenders that'll allow you to live on the property.DSCR/hard money lenders allow you to close in an entity, but you can't live on the property.
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11 October 2024 | 6 replies
I would read Set for Life by @Scott Trench or Start with Strategy by @Dave Meyer first.
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11 October 2024 | 40 replies
It's more about investing in your education to leverage your life to help others.
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16 October 2024 | 22 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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11 October 2024 | 8 replies
Best real estate investment of my life for a lot of reasons including just understanding the basics of finance and being a landlord etc.
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12 October 2024 | 10 replies
How many properties have you walked in your life?
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10 October 2024 | 15 replies
Brandon Turner has a mastermind group called The Better Life Tribe.
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11 October 2024 | 30 replies
Because they have found it a time suck, a brain drain, stress factory that takes away from everything else in there life including scaling and to time leverage is worth it's weight in gold.
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10 October 2024 | 2 replies
Getting a tax pro’s help can ensure you don’t miss out on potential savings.Be Prepared for Landlord Life: Living close to your tenants means it’s easy to handle minor repairs and keep an eye on things, but it also means boundaries can blur.
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14 October 2024 | 22 replies
A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.