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27 June 2024 | 14 replies
We do often get asked for referrals for designer and also to know make and model of mattresses.
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26 June 2024 | 1 reply
Hello,I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an online invoice payment platform.
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25 June 2024 | 2 replies
Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?
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25 June 2024 | 4 replies
Research local rental market trends for 3-bedroom, 2-bathroom homes to determine competitive rental rates and ensure they align with your financial goals.Consulting with local real estate professionals can provide valuable insights into market trends and potential challenges.
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27 June 2024 | 26 replies
I want to sell it and take the profit from the primary res half, and reinvest the other half via 1031 exchange (I believe that is the correct designation).
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27 June 2024 | 18 replies
@Connor GoldenInvesting in mid-term homes means you look at what people need, how much they'll pay, how often it's rented, how much homes cost, and what's trending.
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26 June 2024 | 1 reply
I remember when I completed my first ground-up new construction here in Chicago - FELT AMAZING to finish.Our biggest lessons learned were around getting the water service done early on because of our harsh winters and making sure we keep our designer in check!
26 June 2024 | 7 replies
It became a social hub for BBQs and gatherings.In terms of resale, a well-designed patio can definitely add appeal for potential buyers or investors looking at multi-family properties.
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25 June 2024 | 8 replies
Thank you @Zach Wain for your explanation when you think it's best to jump on a refinance. if rates trend another 50 to 100 basis points lower I'll look at a refi for surehow do you do a no cost refi?
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25 June 2024 | 5 replies
Do you think it'll continue on an upward trend or do you think pricing and values are going to give a little and maybe plateau?