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1 March 2024 | 19 replies
Not only you'd be against the government's interests but they've already proven they won't hesitate to arbitrarily infringe on your property rights.Why anyone would want to invest in a market where cash flow is deeply negative, the laws favor tenants and the government does anything they can to prevent you from getting capital gains of taxing them mightily if you do get them is beyond my understanding.While it might make sense for a wealthy Chinese to park their money safely in a Vancouver property and not care about making money with it, it won't make sense for the average BP member who's in wealth creation mode.
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28 February 2024 | 16 replies
I'm considering diverse options for reinvesting the proceeds ($200k+) from a planned 1031 exchange and am open to various strategies:Las Vegas/Reno: These markets offer potential for both cash flow and appreciation, but I'd need more information on their suitability for mid-term rentals and current market conditions.BRRR strategy: This approach could be attractive for value creation, but I'm hesitant about out-of-state management and require a turnkey or experienced team to handle renovations.Other locations: I'm open to exploring other markets offering favorable investment opportunities, particularly turnkey properties or areas with manageable maintenance requirements.My preferences:Turnkey properties: Minimize management headaches and focus on cash flow.Limited appreciation: While some appreciation is welcome, cash flow is the primary priority.Shorter-term rentals: While Airbnb isn't an option in my current area, I'm open to exploring short-term rentals in other markets.Avoidance of major renovations: My recent experience has solidified my preference for well-maintained properties.Current portfolio:3 duplexes in Missouri (mixed performance)1 single-family home in Memphis, TN (turnkey, positive experience)Questions for the community:What are your thoughts on Las Vegas and Reno as potential investment destinations?
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27 February 2024 | 6 replies
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27 February 2024 | 6 replies
While there are a few trickier technical items that make it work on the back end, you can use AI and trends.google.com to combine automated blog creation with high-performing keywords.
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27 February 2024 | 0 replies
A whole life insurance policy isn't just a safety net; it's a powerful tool for wealth creation (ref: other rich people and lucrative institutions).
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26 February 2024 | 14 replies
We are now entering markets where the triplex is worth $620k (Tampa, FL) and $717k by my analysis (Miami, FL) and overlapped equity creation with interest.
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25 February 2024 | 6 replies
@Sonny Jay without knowing your situation it's hard to give you too much advice, but I will tell you that real estate investing can be great for long term wealth creation, it can help you get to financial freedom, so you can quit your job, but it will take some time.
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25 February 2024 | 28 replies
That acheives portfolio BUILDING, which will do long term wealth creation.
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27 February 2024 | 2053 replies
Is it possible (Without creation of LLC) to share the income on rental property between 2 persons in order to reduce tax ?
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16 September 2016 | 50 replies
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