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28 March 2024 | 4 replies
Or if you buy a duplex, live in one side, and work the deal so the tenant is paying all or most of the mortgage (some circumstance like that).Buying a rental house (or 20) the right way, and renting them out forever is one of the best passive business models I’ve ever experienced.
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28 March 2024 | 10 replies
Are their prices clearly advertised on their website or is the model "it depends" which is always a red flag.
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27 March 2024 | 21 replies
When we get awkward 2-3 week gaps and have to switch to an STR model, it's a PITA because we're cleaning ourselves.
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27 March 2024 | 0 replies
I know how to build models, I know the lending process, and I'm an excel junkie.
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27 March 2024 | 6 replies
It's a scalable model if you have a solid team built out to help you manage scheduling and checking out.
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27 March 2024 | 8 replies
One model I’m seeing investors doing is the rent by the room strategy / padsplit.IF done right, you can turn a single family home to function like a multiplex - increasing the cash flow by double, even triple oftentimes.Has to be the right property of course / layout / characteristics to minimize drama and conflict between roommates / tenants since it’s a longer stay than STR and spaces are shared but with the right set up and systems in place in can be extremely effective and super profitable.You can easily switch from STR to MTR since it’s already furnished and just make a few tweaks.I can definitely help you put some ideas together or connect you with some investors I know doing it in Jacksonville FL.
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26 March 2024 | 2 replies
Officer recognized the make, model and within 2 years the year.4.
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28 March 2024 | 16 replies
@Brandon Beaudoin Certainly there are situations where this infinite banking policy could make sense but it is after many other financial planning possibilities have been exhausted.I think @Jonathan Bock said it best, we don't have to sell it but we CAN if it makes sense in their overall financial life plan.Shoutout to Chat GPT for helping me write any post someone disagrees with 😏😅 You still don't seem to understand the business model.
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26 March 2024 | 8 replies
If you are negotiating a seller financed deal, I'm happy to run a few models for you to evaluate different proposals.
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26 March 2024 | 9 replies
Hi Alex,I've included your deal in the SFR model.