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7 January 2025 | 12 replies
Just don't fall into the YouTube trap of planning your first deal with no money.
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5 January 2025 | 5 replies
In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.
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4 January 2025 | 9 replies
I will suggest you plan to House Hack a Duplex or Triplex or Fourplex every year for the next 4 to 5 years and you will thank me later.Goodluck man and keep us posted on your progress!
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2 January 2025 | 10 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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6 January 2025 | 28 replies
I'm looking to having my mortgages paid off as I plan on early retirement and the rentals are part of my retirement income.
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17 January 2025 | 20 replies
Ultimately, it’s about what aligns with your budget, risk tolerance, and long-term plans.
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11 January 2025 | 9 replies
-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).
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8 January 2025 | 29 replies
She is planning on renting out to section 8 and has pacified my worries about section 8 tenants.
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6 January 2025 | 31 replies
How do you plan to operate it?
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7 January 2025 | 4 replies
He knows we plan on continuing to grow our portfolio.