We have a standard fee (paid by the guest) which varies based on the home size and complexity, and comes to roughly $25/hr though we pay a flat rate.

🏢 Here are some myths debunked:1️⃣ 'It's too complex.' - With the right guidance and education, navigating multifamily investments becomes manageable.2️⃣ 'I don't have enough capital.' - Explore various financing options like partnerships, syndication, or creative financing strategies.3️⃣ 'It's too risky.' - Like any investment, risk can be mitigated through thorough due diligence and working with experienced professionals.4️⃣ 'I don't have time.' - Investing in multifamily properties can be passive with property management services or investing in syndications.Don't let excuses hinder your potential for financial growth and passive income streams. 📈 #RealEstateInvesting #MultifamilyInvesting #FinancialFreedom"

High Maintenance Costs: Escalating maintenance costs can erode your profit margins.Change in Neighborhood Dynamics: Shifts in the neighborhood that negatively affect your property’s value are a red flag.Better Investment Opportunities: Selling might be wise if you've identified a more lucrative investment opportunity.Cash Flow Necessities: If you need liquidity, selling a property can provide a significant cash inflow.Tax Implications: Sometimes, selling can be advantageous for tax reasons, especially if you can benefit from capital gains tax laws.Personal Financial Changes: Changes in your personal financial situation may necessitate liquidating assets.Retirement Planning: Selling investment properties can be part of transitioning into retirement.Portfolio Diversification: Selling might be necessary to avoid overconcentration in real estate.Legal or Regulatory Changes: New laws or regulations can impact the attractiveness of holding onto a property.Ownership Challenges: If the burden of ownership outweighs the benefits, it may be time to sell.Real Estate Market Trends: Anticipating a downturn in the market can be a reason to sell early.Interest Rates: Rising interest rates can reduce the pool of potential buyers and lower property values.Property Value Appreciation: If your property has appreciated significantly, taking profits might be smart.Lifestyle Changes: Sometimes, personal life changes dictate a shift in investment strategies.ConclusionDeciding to sell an investment property is a complex decision influenced by market conditions, personal circumstances, and future investment goals.

These offer lower upfront costs and less active management compared to some other strategies.Base your decisions with your learning curve, start with simpler approaches to gain experience and knowledge before venturing into more complex strategies.

These are more complex legal structures that can provide even more protection than a traditional LLC alone.

I am writing to seek professional advice and guidance regarding a matter concerning my recent apartment purchase.In August 2023, I completed the purchase of an apartment, which has since become entangled in a series of complex issues.

I know there are pros and cons to selling my primary home to my LLC but my question really goes a little deeper than just tax benefits:I am curious to know if I sell my primary home to my LLC regardless of tax benefits; and then rent it back to myself (through another LLC) … technically I don’t have a primary residence anymore so I could buy a Multifamily or Apartment complex as long as I am willing to live in one of the units correct?

The larger apartment complexes all require it.

About six months after that, I acquired an 80 door apartment complex, and I myself didn’t have to put a dime into it thanks to Lance teaching me how to utilize other people’s money rather than my own.

Closed - Long term hold - 25 unit complex just outside of Seattle.