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4 February 2025 | 1 reply
Stick to Your TypeWarren Buffett once said, “The difference between successful people and really successful people is that really successful people say no to almost everything.”Apply this principle here:Decide on your property type.Say no to anything outside of that type.You can always pivot down the road, but starting with focus is crucial to building momentum.
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30 January 2025 | 21 replies
@Chiane Martin Where did you apply for your HELOC on your property?
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13 February 2025 | 18 replies
If rent is due on the 1st and late by the 5th, apply the late fee on the 6th and serve a 3-day notice immediately.
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11 February 2025 | 10 replies
If so, then you let them apply.
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18 February 2025 | 24 replies
We have tried to take all the skills we have learned in our W2 carrier and apply them to our personal business.
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3 February 2025 | 2 replies
Are there key adjustments I should consider when applying these strategies in today’s market?
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3 February 2025 | 15 replies
@Derick JenningsRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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6 February 2025 | 12 replies
@Melissa SejourRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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2 February 2025 | 0 replies
I had been discussing this property with the owner for a while and saw its potential—distressed but with strong fundamentals and built-in equity.The deal was a great opportunity to apply creative financing, secure a property with minimal upfront capital, and build long-term cash flow.
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7 February 2025 | 1 reply
The only way I could see that he could is if it was a multi-family property, but you'd probably only be able to apply it pro-rata towards the units he did NOT live in.4) If your AGI is < $100k, the max is $25k.