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20 November 2024 | 15 replies
For example, focus on demo and structural work in month 1, plumbing and electrical in month 2, and finishing (flooring, paint, etc.) in month 3.
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18 November 2024 | 12 replies
I agree with the "it depends" approach when it comes to determining reserves, but generally, it should align with the age and anticipated maintenance needs of the property.For example, we have a duplex built in 2003 with the original AC units and roof.
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21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
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19 November 2024 | 2 replies
You can hear real-world examples of how others have built their investment portfolio and (hopefully) learn to avoid their mistakes.4.
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20 November 2024 | 8 replies
For example, if a tenant refuses to leave at the end of a lease, how difficult would it be to get them out?
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21 November 2024 | 20 replies
I've been doing Private Money Lending/Partnering since 2021 which is very passive for example.
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17 November 2024 | 8 replies
So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.
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20 November 2024 | 37 replies
When buy in some cheap Ohio area for example theres lots of risk with tenant issues but if you buy in a class A area for example north side chicago the deals run effortlessly.
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18 November 2024 | 8 replies
There are examples of DSTs that included an exit into a REIT that DID NOT ALLOW the investor to do a 1031 exchange.
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19 November 2024 | 6 replies
For example, travel nurses often sign their contracts less than a month in advance of their assignment and the typical assignment is 13 weeks.