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18 November 2024 | 9 replies
It's a great starter book for the financial foundations of real estate investing: https://store.biggerpockets.com/products/set-for-life-revise...I would also recommend Small and Mighty by Chad Carson: https://store.biggerpockets.com/products/small-and-mighty-re...Real Estate Rookie: https://store.biggerpockets.com/products/real-estate-rookieHouse Hacking: https://store.biggerpockets.com/products/the-house-hacking-s...
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19 November 2024 | 23 replies
Financial Management: Property managers provide detailed financial reports, handle rent collection, and manage operating expenses.
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16 November 2024 | 7 replies
Your personal financial situation (tax records/bank statements and personal financial net worth statement)3.
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16 November 2024 | 11 replies
I recommend learning a bit on how to read the financials, but find yourself a great Accountant to help you analyze the financials and tax returns to make sure things make sense and are proper.
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18 November 2024 | 8 replies
I would make sure you’re able to analyze deals, know market rents for similar properties (and see what you can do to outperform), and understand the costs of the deal from the financial side.
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20 November 2024 | 31 replies
However, those few who are financially saavy and have integrity and grit I believe will benefit from it until they are able to have enough experience to go off and do their own thing, charge less fees and be able to have more repeat business while keeping a much higher ROI themselves.And NO, i've never been in this program, been around much longer than he even thought of this revenue stream.
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17 November 2024 | 1 reply
For those who have ventured into Co-Living, what strategies have you found most effective in ensuring both financial success and a strong sense of community?
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16 November 2024 | 2 replies
REI is a great thing to start to learn about so you are pursuing something with great long-term value, but you have to know that it's not a quick road to get out of the rat race.What financially free means to you could mean something different to someone else so usually what people are seeking is time freedom.
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18 November 2024 | 8 replies
All REITs are required to show their FFO calculations on their public financial statements.
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21 November 2024 | 10 replies
They may be more emotionally concerned, but that doesn't mean they are better at the job.Why are millionaires and billionaires using financial managers, property managers, nannies, and maids?