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10 December 2024 | 4 replies
We remodeled and remarketed the property to entrepreneurs and business professionals who want a coliving/coworking community.It was perfect because each of the 12 bedrooms had its own private bath and we created community areas.
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16 December 2024 | 18 replies
Furnished Finder does make it tricky since you need separate profiles for each room, but platforms like Apartments.com or Airbnb might work better if you're aiming for full-house rentals or structured by-the-room arrangements.If you decide to rent to multiple individuals:Tenant Screening: Screen each tenant thoroughly to ensure they’re reliable and responsible.Clear Communication: Introduce potential tenants to one another Detailed Agreements: Use separate leases for each tenant and specify shared vs. private spaces, utilities, and maintenance responsibilities.House Rules: Create clear, written house rules to prevent misunderstandings.Inventory Tracking: Document everything in the home (furniture, appliances, etc.) to avoid disputes about damage or missing items.Also, market your property with its flexibility in mind—like proximity to hospitals for traveling nurses or universities for graduate students.
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1 December 2024 | 2 replies
Specifically, creating a property project timeline for work that needs to be done and when to prioritize XYZ.
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10 December 2024 | 9 replies
There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally.
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12 December 2024 | 13 replies
The one to four is a very comprehensive contract that covers everything and even has room for special provisions when something out of the ordinary needs to be spelled out.When doing not so normal purchases like a sub-to, I dont use the TREC, but one that I created from several other contracts.
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13 December 2024 | 35 replies
The answer is obvious.I invest to create equity growth.Hope this helps,Arn
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9 December 2024 | 12 replies
Would I be better off to try and find someone to do some basic editing of my videos and help create the right titles, thumbnails, and posts?
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9 December 2024 | 2 replies
Good luck and way to go on creating your own destiny!
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18 December 2024 | 29 replies
And if you work hard, you can even find a cash flowing triplex or quad, so you can get a DSCR loan with little income to show.The comments saying it is hard are correct, but nothing good comes easy and it would be a big shame to forgo the #1 best tool in real estate investing, house hacking, without even giving it a chance.If you want to work hard to create something for yourself and your family, current or future, please reach out and I will help you look for a house hack that will kick start your investment journey.Best of luck!
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11 December 2024 | 7 replies
Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.