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3 October 2024 | 2 replies
If I had hired a pro, it would have been done in under two and the extra rent income would have paid for the pro.My biggest misconception was my limited belief that I couldn't buy multiple investments.
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7 October 2024 | 35 replies
Multiple times projects took so long to get started or to get an appropriate bid, I ended up having to handle it myself (ie. roof replacement, unit turns, etc.)
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4 October 2024 | 5 replies
This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?
2 October 2024 | 2 replies
Does anyone know what state in the U.S offers reciprocity agreements to multiple states?
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7 October 2024 | 34 replies
Our properties are a strong mix of appreciation, rent growth and cashflow positive in year 1.Going on 6 years I have never had to even give any late notices, etc. for my northside chicago rentals, it's multiple applicants 700+ scores when list the units online.
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3 October 2024 | 4 replies
Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.
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3 October 2024 | 15 replies
House hacking is the most powerful way to get started in real estate investing, and it sets you up for success because you learn so many things: dealing with contractors, how to screen tenants, lease negotiation, but most importantly, your goal should be to reduce or eliminate your housing cost, and there are a lot of ways to do with house hacking depending on your flexibility with strategy: rent by room, Section 8, mid-term rental, STR, etc, and you can combine multiple strategies too.
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4 October 2024 | 9 replies
My brother has indicated on multiple occasions an interest in us buying rental properties together - he would be financial equity, I would be sweat equity.
3 October 2024 | 1 reply
The more you know, the more prepared you’ll be.2.Find Your Strategy: Real estate offers multiple paths—flipping homes, building rental portfolios, commercial investing, etc.
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1 October 2024 | 7 replies
@Suzanne Player If you want a counterpoint, I navigated a major claim not long ago without a public adjuster.