14 May 2024 | 22 replies
One of the structure that was recommended by a US-CAN CPA to avoid double taxation and stay protected was the following: Real estate A is owned by LLC A, Real estate B is owned by LLC B, Real Estate C is owned by LLC C (or you can put some of them together instead of having many LLCs).
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13 May 2024 | 12 replies
I see many on these forums assume that a Class C or D property will have the same assumptions as an A or B.
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13 May 2024 | 19 replies
Deals like you describe are typically aimed at newbies that don't know anything about reality.Often, you're being sold a Class C or D property that's using Class A or B numbers.You don't find out until after you buy these properties that: The tenants aren't performingThere's a lot of deferred maintenanceTenants are trashing the propertiesThe tenant pool is NOT what you thoughtRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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12 May 2024 | 5 replies
@Petronella Kerssens Do not bet on appreciation.
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8 May 2024 | 4 replies
C-C-, or even D+areas outside growing metros.
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8 May 2024 | 10 replies
Its important to know that the property can be A, B, C or D and so can the location.
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14 May 2024 | 164 replies
We can bet on the fact he is very aware of the benefits of the stock market and is taking advantage of it too.
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9 May 2024 | 65 replies
I am defending mentorships because they CAN work if you get the right one.Yes $40K is a steep price for sure, especially because NO mentorship can guarantee results.But I go all out for my students, and I have a HUGE overhead because I go all out for my students.It is like saying I am not going to buy that house because it is $700KBut you didn't consider what the COR is or the ARV.
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6 May 2024 | 65 replies
Folks tell you to not bet on it, I would tell those same folks to not bet on **** properties having regularly paying tenants and/or trusting government systems(sec 8).