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23 October 2024 | 22 replies
One idea I have is to "shadow" a real estate investor (although I am not entirely sure how to go about asking for / finding this kind of opportunity), but I am wondering if anyone has insight into other ways to gain a comparable level of experience.If anyone has insight into any or all of these topics, I would greatly appreciate the feedback.
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25 October 2024 | 22 replies
It is an unrealized gain not income.
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23 October 2024 | 6 replies
Wholesaling is an excellent way to gain experience.Wishing you Good luck!
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22 October 2024 | 4 replies
You'll be one of the wealthiest people you know by the time you are 40.As you gain experience, you may discover you hate dealing with tenants and this is the wrong vehicle for you to build wealth.
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23 October 2024 | 12 replies
I've gained a lot of knowledge and support from the community of investors with various levels of experience.I wish you all the best on your journey !
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28 October 2024 | 40 replies
It takes awhile to get reviews, gain traction, get repeat guests, word of mouth from satisfied guests, etc.
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24 October 2024 | 6 replies
So, the seller would be gaining ownership of the house at an exchange price of $352,000.
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21 October 2024 | 8 replies
These groups provide valuable connections and insights.
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23 October 2024 | 9 replies
They can handle bookings, cleanings, and guest communication, so you’re not always on call.Also, keep in mind that some areas have specific rules and regulations for short-term rentals, so make sure you understand what’s allowed in any location you're considering.It’s great that you’re eager to learn, and with the right strategy, STRs can definitely help you gain more freedom.
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17 October 2024 | 5 replies
Great to hear that you’re focusing on small multifamily properties as a starting point; they can offer great cash flow and help you gain valuable experience as you scale into larger investments.