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23 September 2024 | 6 replies
Congrats on the move and positioning yourself the way you have.
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24 September 2024 | 4 replies
There is positive population growth, tech and manufacturing (Tesla, Google, Apple) moving to the area, and low property taxes.
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24 September 2024 | 10 replies
My question is,is there such a position as that, and is that legal?
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25 September 2024 | 20 replies
My vision is to someday be in a place where I can be in a greater position to give of my time and resources to others, to help them and be a blessing to them.
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23 September 2024 | 6 replies
If you can stomach that initial phase you'll be in a great position when the property is cashflow positive and worth considerably more.
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26 September 2024 | 32 replies
But its very rare to be able to pay retail today and expect it to cash flow positive - even though you're sinking your 20 or 25% down.
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23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.
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23 September 2024 | 10 replies
The partner is not agreeing to keep it, we have a mortgage on the house but still it seems that we will have positive income and around 6k-7k cash flow each partner.
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23 September 2024 | 5 replies
He explained that as a fairly new investor, 5 years, that if he was in my position he would save the extra funds for his emergency fund or eventually use the accumulated extra money to buy his next investment.
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24 September 2024 | 15 replies
If you're looking for cash flow, I personally recommend Columbus - we still find great deals here that hit 1% and positive cash flowing.