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2 October 2024 | 5 replies
The way that I set up my coaching program helped around 80 to 90% of my coaching students buy real estate and increase their net worth by between $30,000 and $500,000 during the year that I coached them.I tried to make the coaching program really affordable and based on psychological principles of motivation.
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3 October 2024 | 14 replies
It's a trip for sure :-)There are many REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
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30 September 2024 | 10 replies
I have a banker who has considered doing only 10% down if there's other buildings in your portfolio that can support the remaining 10%.
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2 October 2024 | 10 replies
I said only if it was installed by an electrician, remained with the house and I had veto power if I didn't like it.
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30 September 2024 | 1 reply
The skills and strategies remain similar, but you’ll need to familiarize yourself with local markets, regulations, and financing options, which can vary a lot depending on the country.
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30 September 2024 | 3 replies
Your tenant (depending on local laws and your lease/willingness) can sublease for the remaining 3 months of their current lease.
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30 September 2024 | 5 replies
If your startup costs are over $55,000, you lose the immediate deduction, and the entire amount would have to be amortized over 180 months (15 years).Here’s an example to clarify:•If you spend $7,000 on startup costs (such as attending BPCon, legal fees, and market research), you can deduct $5,000 in the first year and amortize the remaining $2,000 over 15 years, starting when your business is officially active.
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30 September 2024 | 0 replies
Negotiations were straightforward, with the seller motivated to close quickly, which allowed Partner Driven and Rodney Lomax to secure a favorable purchase price of $180,000.
27 September 2024 | 6 replies
Partners are difficult to find as well because most people at networking events are either have no experience, looking to remain more passive or way too experienced and have their own dream time.
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1 October 2024 | 9 replies
The upside for the investor is guaranteed returns, while the upside for you is that any profit above the agreed interest remains yours.Another option is a profit-sharing model, where the investor funds the deal and takes a percentage of the profits after the sale.