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13 September 2024 | 23 replies
We’ve found doing value add to be a way to force appreciation and add cash flow when we got our house… we added an ADU and house hack with a midterm rental to generate the additional income and make a bigger home actually affordable but still flexible for when family visit
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13 September 2024 | 11 replies
However, getting a policy to cover a few thousand dollars worth of damage to one of my glamping tents is not worth the money, time, or energy for me.
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12 September 2024 | 0 replies
We're based in Kansas City, MO, and are currently generating just over $1M in revenue annually (~50 transactions a year).
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12 September 2024 | 0 replies
Mitigation Strategy: Cost-efficiency improvements such as energy-saving upgrades or negotiating better service contracts to reduce operating expenses.
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12 September 2024 | 2 replies
I’m looking for advice on how I can effectively start laying the groundwork while still being remote.Specifically, I’d love insights on:Building relationships and networking in the Raleigh market from a distanceMarketing myself and generating leads remotelyAny tech or tools that might help me stay connected to the local marketAny tips for handling deals or managing communication with clients remotelyI’m eager to hit the ground running when I move, and any advice from those who’ve been in similar situations would be greatly appreciated!
11 September 2024 | 9 replies
You can also consider increasing your deductible to lower the premium, assuming you have enough reserves for emergencies.Energy Efficiency Improvements→ If you cover utilities for your rental properties, look into energy-efficient upgrades (such as LED lighting, better insulation, or energy-efficient appliances).
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12 September 2024 | 2 replies
P.s there are also properties on the land generating some rental income.
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12 September 2024 | 12 replies
They all have software and it just generates a Schedule E.You could hire someone who specializes in Bonus Depreciation.
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13 September 2024 | 20 replies
For wealth generation to me its all about appreciation organic or forced.
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11 September 2024 | 0 replies
Generates 75k/year gross and nets approximately 20k.