
10 January 2022 | 3 replies
I know i need to start looking more into tax strategies.I understand that save/buy is a (relatively) slow way to expand.. but i'm also not looking for a "Boom"I'd be hard-pressed to refi... i've decent rates and for now i'm looking at cashflow until i'm not dependant on my W2 job ( i think that at 7 units i could "get by"..barely) then i can move towards being more concerned on long term wealth/retirement/equityThe rentals have their own business account that i do not dip into** I do not pay myself rent, BUT the business account does pay my personal gas/electric.from my W2 earnings i spend about $1300/mo on everything ( from car insurance to eating out), rest is savedany new downpayments are a mix of business account and savingsWith the 5 total units ( 4 rented; 1 personal use) I "Cashflow" about $1K/mobut that number does not account for any CapEx.What might you change/suggest about my strategy?

9 January 2022 | 10 replies
I also leave myself about $1000 per month to account for varying expenses such as groceries, gas, gym memberships, doctors appointments, and of course other varying costs that come along with being a single dad!

7 January 2022 | 2 replies
Be prepared to have a large breaker box OR gas hookup.

5 January 2022 | 2 replies
While my 44 year old gas furnace in a rental runs good the management company had a furnace guy say it is in bad shape.

9 January 2022 | 3 replies
And of course working smoke alarms (and if gas, carbon monoxide detectors).

7 January 2022 | 1 reply
Some things you can test for without utilities on, i.e. pressure testing gas lines and plumbing lines.

10 January 2022 | 5 replies
Broker is suggesting purchasing NNN lease single tenant properties - such as Wendy's, Starbucks, auto parts, gas station, etc.

9 January 2022 | 14 replies
I had an older building similar to what you are describing and the electric from the common area, gas, water, and lawn care, quickly ate up a significant portion of my cash flow.

9 January 2022 | 1 reply
Even a 15-year-old Honda or Toyota can be purchased cheap, doesn't eat much gas, and should last you for many, many years.4.

10 January 2022 | 3 replies
I need a ton of help but mostly conservative costs projection to build a 5 home subdivision, average lot 1.2 acres, longest distance to run electrical wires, water lines, gas lines, sewer lines would be 1200 feet, install a double road, fire hydrant, 50-75’ driveway from road to each house, 5 street lights, cable.