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24 May 2023 | 43 replies
It depends on how much time you have: A lot of time: Fix and flips, BRRRR, STRCan devote some time: LTR, STR (provided you have a good management company)No time at all: Syndication/silent partner
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22 December 2019 | 11 replies
So I'll be brief:1) search through old BP posts2) decide how much time/funds you can devote to real estate investing3) select the strategies with the niche based on your criteria aboveHere're the article to help you get started:https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estateFeel free to PM if you have any questions.
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24 November 2021 | 525 replies
Forget real estate and devote 100% to sales.
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22 March 2021 | 2 replies
Flips don't really interest me much since there is so much time devoted to the actual flipping process, as well as a large chunk of cash required to pay for the flip.
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23 August 2018 | 45 replies
Often one of the strategies does involve real estate. 2) With the change in tax law, at the end of 2017 I worked with my clients by looking at their individual situations to determine how best to take advantage of the changes to minimize their tax liability. 3) I have come up with new business/investing structures for my clients to minimize or defer their income taxes while working with their estate plans.I agree that paying more does not mean that you are getting more quality of work (you should pay attention to the everything your tax preparer does to evaluate that), but if you are paying less it is an indicator that your tax preparer isn't devoting much time to you.
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29 January 2020 | 197 replies
Implemented correctly, UBI is not a threat to capitalism, it is a massive boost to capitalism.Imagine a more intelligent, more entrepreneurial populace who are now able to take more risks, start more companies, and work on more passion projects because they don't have to devote 100% of their psychological and physiological energy to ensuring their family does not starve to death.https://www.businessinsider.com/poverty-effect-on-intelligence-2013-8https://www.newscientist.com/article/2193136-universal-income-study-finds-money-for-nothing-wont-make-us-work-less/Like it or not, some form of UBI is the future.
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2 January 2023 | 15 replies
In fact, I devoted the last 1/3 of my BP book on self storage to this question.
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3 November 2016 | 69 replies
After, it might be considered enjoying the time you've earned for yourself by putting people and systems in place to take care of your investments while you enjoy your leisure time.Your mention of returns, therefore, fails to take into account the value of your owntime IF you devote it to income-producing activities rather than leisure activities.
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15 February 2024 | 4 replies
We are planning on going 50/50 and as she put it, she just wants to be a "silent partner" because she doesn't have a lot of time to devote to all the in's and out's involved with real estate.
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17 January 2024 | 27 replies
Yes, this is the obvious right answer and I think I'm getting toward this point although I still have to make each deal liquid cash profitable until I can make my cashflow reach my living expenses as this is my family's current only source of income.I know I really need to put some serious devotion into finding a contracting team to handle my renovations.