
23 October 2024 | 22 replies
It will familiarize you with the basic terminology and benefits.

24 October 2024 | 13 replies
So basically, for a B minus area, for a 3 bedroom brick home you will spend 110k for a rental that brings in $1,400 per month and in a class D neighborhood Section 8 you will be all in for the same cashflow at $80k.If you extend you view to "Metro" Detroit you have more opportunities in Cities like Warren, Hazel Park, Taylor, Romulus, Eastpointe, et al,.

20 October 2024 | 3 replies
you are right, and I have already looked into apps like busy something to track location and tasks.

22 October 2024 | 2 replies
I think you are definitely on the exact right track with your thinking - have you put all this side by side in excel (very basic excel "modeled out")>?

28 October 2024 | 46 replies
The basic plan would be to use their services to do the leg work (Advertising, Booking, and managing the event) and then our property would be the location and accommodations.

21 October 2024 | 5 replies
The key is to start with a solid foundation—understanding the basics will set you up for long-term success.

23 October 2024 | 4 replies
Another thing we did several years ago was we took loans we bought at a substantial discount, I hypothecated about 70 of these loans and it was basically the BRRR strategy as we got our money back out of the deal, and the investor got 5 years of cash flow and I kept the back 10 years.

22 October 2024 | 7 replies
I'm basically at water level on this, and I don't know that other investors could make this cashflow any more than I could without me selling at a huge loss.
21 October 2024 | 1 reply
The property manager can be on call 24/7 and conducts most of the day-to-day tasks of managing a rental property.You can expect to pay between 8% and 10% of the gross rental income for single-family homes.

23 October 2024 | 19 replies
Owning a rental home with or without house hacking is a pretty basic thing that almost any certified tax professional or accountant should be able to handle.Think a little in a bigger picture about what type of advice you will want: tax, accounting, financial planning?