Mitch Holmes
Bag of cash but no W2
27 November 2024 | 10 replies
If you have never done this as a full time business I will throw caution to the wind it is not as easy or as profitable as online forums make it out to be, and if you need money for living this probably is not going to sustain your lifestyle for the first several years.
Fiona Layne-Germin
New real estate investor recommendations
22 November 2024 | 12 replies
It's a flexible approach, suitable for both single-family homes and multi-unit properties, and can be tailored to fit your lifestyle and financial goals.It's important to research local housing laws and market conditions to ensure a successful house hacking venture.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
While all the posts have at lease some legitimate points, I personally believe camp 1 is missing the opportunities present to protect assets under US law mostly because they don’t either understand asset protection, or don’t want to bother with it, so rather than do a proper evaluation they dismiss it as something that won’t work to justify their unwillingness to entertain the idea.Camp 2 is deluding themselves - which delusion has been enhanced by charlatans writing books, giving seminars, and selling packaged plans all of which either attempt to hide your assets or hide the ownership of your assets.
Bill Haley
PropertyGRID platform - Who knows about it?
15 November 2024 | 4 replies
https://propertygrid.com/Someone told me about it and it uses blockchain technology and tokenization of ownership with the purported goal of enhancing the real estate transaction and opening up global markets.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 November 2024 | 47 replies
As such, I’ve focused my research on out-of-state opportunities, particularly in the Midwest and other promising markets.In order for me to comfortably leave my W-2 job, I would need to secure no less than $350,000 annually, as that supports the lifestyle we’ve grown accustomed to.
Jeff Hines
How would you start investing if you had $150k???
17 December 2024 | 86 replies
Additionally, investing in real estate education and seeking mentorship can enhance your understanding of various strategies and market dynamics.Creative Financing:Exploring creative financing options, such as seller financing, lease options, or partnerships, is another avenue to consider.
Kevin Akers
What you need to know about relocating to Charlotte, NC
20 November 2024 | 6 replies
Each of these neighborhoods offers a unique vibe, but they all have that lively, walkable feel.For a more suburban lifestyle, here are some great options.
Julio Gonzalez
11 ways to lower taxes when selling your property
17 November 2024 | 1 reply
This is particularly effective when paired with bonus depreciation provisions.This method not only helps reduce your tax liability but also enhances cash flow, making it a powerful tool for real estate investors looking to grow their portfolios.3.
Charlie Krzysiak
Advice For After College (CONDO v.s. HOUSE)
27 November 2024 | 13 replies
Now if you want to buy and live there forever or you want a specific location or lifestyle or the amenities, might be something to consider, but not for investment....they're for living.Your best option right now depending on your income, is probably to buy at least 4bed house or 5 bedroom if you can make it work financially and rent bedrooms.
Robert Quiroz
Buying with cash vs financing
2 December 2024 | 33 replies
Here’s what I recommend:Cash Investments:No Debt, No Stress: With cash, you avoid third-party control and loan vetting, giving you full control of returns.Equity Builders: Partnering with builders often reduces your property entry cost by up to 20% below market value.Consistent 10% Returns: With an all-cash approach, achieving 10% ROI is realistic and efficient.Financing Strategy:If cash isn’t feasible, consider a balanced financing model:40-50% Down Payment: Keep leverage manageable while maximizing returns.Lower Debt Exposure: A conservative loan-to-value ratio (LTV) reduces risks and keeps returns stable.Work with a Builder: Collaboration with builders can lower acquisition costs and increase your ROI.Key Takeaways:If possible, prioritize cash for simplicity, control, and consistent returns.Financing can work well with a disciplined approach to debt and a strong underwriting process.Partnering with builders offers opportunities to reduce costs and enhance your portfolio’s profitability.