
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.

20 April 2024 | 34 replies
I am on to the next I find this hard to believe as we have 3 VA's working around the clock doing call backs, etc...I also don't see any record of you in our database.Please advise when you called and I can get the feather out on the team lol We usually get everyone to fill out our investor application form and to follow the on-boarding process before we schedule an intro call with yours truly.

19 April 2024 | 2 replies
Readers are advised to seek professional advice.