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30 September 2024 | 47 replies
You will need to be spending 2-3 hours per day on the business in the beginning.
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1 October 2024 | 16 replies
The starting point is knowing what emotional drivers (desires, fears, hopes) lead people to spend money on a unit such as yours.
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30 September 2024 | 24 replies
We have to keep in mind flippers have a bad reputation of doing the bare minimum and making loads of money (which we know isn't true).It would be hard for me to recommend remodeling it without spending more time on it.
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29 September 2024 | 21 replies
Additionally, a larger property like this is valued based on the actual cash flow, not sales comps, so you have the ability to force appreciation faster with efficient management.Adding the a 5-10 unit may also increase the amount of time you spend getting you closer to the 'Real Estate Professional' status for tax purposes opening up room for offsetting some W-2 income on taxes.
29 September 2024 | 4 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
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1 October 2024 | 12 replies
If you just wanted to know how to sue a former tenant, without talking about the mistakes that got you into that situation, then skip the back story.And when someone spends ten minutes reading your post and then takin time to provide some "thoughts/advice" on it, maybe show a little grace if you disagree with their advice.
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27 September 2024 | 13 replies
If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.
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28 September 2024 | 6 replies
I need to spend a little more time researching this.
28 September 2024 | 2 replies
Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.
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30 September 2024 | 10 replies
Join more than one - you will fairly quickly figure out where you spend most of your time, which will tell you all you need to know!