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25 December 2024 | 11 replies
If you're just listing it as "Section 8 welcome" but aren't set up with CMHA yet, tenants might be skipping over it.
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3 January 2025 | 45 replies
Focus on setting a clear minimum profit threshold (e.g., $20K-$30K or 10-15% of ARV) to ensure your efforts are worthwhile.
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17 December 2024 | 6 replies
Objectively look at your property as STR>MTR>LTR, run the numbers, and see if it cash-flows.
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25 December 2024 | 2 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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19 December 2024 | 82 replies
•Set up your EIN and operating agreement.2.Set Up Your Business Bank Accounts:•Open 3–5 business bank accounts to give your money purpose:•Income Account: For revenue and deposits.
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23 December 2024 | 20 replies
Quote from @Rhyse Andrews: @Erin Helle1) try to squeeze in some tutoring sessions for mid terms/finals before schools go on break.2) set up EIN and a business bank account Love it. #2 won't take long at all (less than 2 hours total) and will set you up nicely for next year!
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26 December 2024 | 6 replies
If you're dead set on BRRRR, focus on areas like Linden, Hilltop, and parts of the South Side - but make sure you really understand the micro-markets there.
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27 December 2024 | 8 replies
Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.
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26 December 2024 | 14 replies
The networking and local market insights are invaluable.For retirement planning, focus on building steady cash flow and consider setting aside a healthy maintenance fund (I usually recommend 6 months of expenses) to protect against any surprises.If you're looking to expand your portfolio, Columbus is a great market where we still see positive cash flowing deals with lots of appreciation potential.
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29 December 2024 | 23 replies
Is there a reason why you are set on a traditional duplex?