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11 January 2025 | 6 replies
I have liquid assets and want to make smart, scalable investments that balance cash flow, appreciation, and low risk.GoalsGenerate consistent cash flow to diversify my income.Maximize appreciation potential for long-term wealth growth.Invest in areas with low crime rates to minimize risk.Reduce my tax burden for 2024 with real estate purchases.My Current ThoughtsI’m torn between two main strategies:Multifamily Properties:Looking at markets like Austin, Raleigh, and Tampa for 10-50 unit multifamily properties.Love the scalability and centralized management, but I'm concerned about high upfront costs and competition.Section 8 Housing:Considering affordable markets like Memphis, Cleveland, or Indianapolis to purchase 5-10 single-family homes.I like the government-backed rent stability, but managing multiple properties across different locations seems intensive.Key QuestionsWhich strategy would you recommend for my goals and liquidity?
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12 January 2025 | 2 replies
Your situation is a little more complex than most people and I highly suggest you consult an attorney.
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9 January 2025 | 2 replies
Highly recommend
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9 January 2025 | 8 replies
I'd keep 70% as a base and shoot for 90%+ on the high end.I think I'd be pretty happy with 90%.
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9 January 2025 | 18 replies
If you really like the place but you feel that it is priced too high for your budget, instead of saying “it’s priced too high” and insulting the seller, simply say “I absolutely love your place; it is exactly what I want, and I’d really like to buy it.
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12 January 2025 | 14 replies
@Collin Hays My favorite that came in at 6am one morning when the nights low temperature was 58 degrees and the high temperature was to be around 75 was the following.
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14 January 2025 | 4 replies
Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.
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14 January 2025 | 9 replies
I expect 30% turnover in a given year, but have seen it surge as high as 48%.
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8 January 2025 | 0 replies
Thoughtful upgrades and efficient project management made this a successful venture, highlighting the strength of our partnership and commitment to delivering high-quality results.
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15 January 2025 | 24 replies
and, with interest rates high, it's very, very difficult to cash flow right now in the short term.