
21 April 2024 | 5 replies
I am not an attorney or an accountant and am not giving accounting or legal advise.

18 April 2024 | 4 replies
It's important to consult with a tax professional who can advise on how these strategies align with your overall financial situation, especially considering your full-time employment and income structure.Moreover, as your portfolio grows, and particularly if one spouse can transition away from W2 employment, the landscape of your income and tax liabilities shifts.

21 April 2024 | 9 replies
I advise clients NOT to buy empty lots, even ones right next to their properties and even if you're only paying a couple hundred bucks.The logic is pretty simple.
20 April 2024 | 9 replies
Readers are advised to seek professional advice.

19 April 2024 | 4 replies
If you are representing yourself, I would advise reading up on various land contingencies.

22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.

18 April 2024 | 5 replies
I believe the one that does my tax mentioned using scorp due to our income but i seen its not advised to put real estate under scorp

18 April 2024 | 43 replies
Does anyone have any experience or advise with this?

18 April 2024 | 18 replies
I would not advise doing that if you're unable to afford it on your own unless you fully understand the risk.

20 April 2024 | 26 replies
As noted by Ben, I highly advise that you target single-family homes with in-law suites or additional living space that can be converted into a separate unit and sourced as an STR via Airbnb or on another short-term rental platform.