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26 November 2024 | 17 replies
Establish an operating agreement for each LLC.
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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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22 November 2024 | 7 replies
Train the tenants as to what merits a phone call and what doesn't.
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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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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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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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24 November 2024 | 4 replies
I'm assuming there's lots of stuff out there that's way cheaper.I originally wanted to just buy a couple lists of 10k numbers each of targeted motivated sellers, and then hand them off to a VA company that will dial them, but I was told it'll be a much better business if I get proficient myself and then hire my own VA's and train them.
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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.