8 January 2025 | 10 replies
If you have more than one LLC, each LLC should have its own set of accounts.Checking: Collect all income here, then use it to pay bills, the mortgage, or maintenance.
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27 January 2025 | 6 replies
Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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7 February 2025 | 7 replies
@Sean DillonAt 18, you're in a prime position to start building wealth with low expenses and plenty of time to scale.
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5 February 2025 | 14 replies
The only thing that makes these properties turn key is the fact they are move-in ready for a lower income tenant with low expectations.
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23 January 2025 | 0 replies
Other than a few regular maintenance and wear & tear, we have had minimal expenses.
17 January 2025 | 2 replies
We don't need sprinklers here, but if we would, I'd either do that or replace the lawn with gravel or something else maintenance free.
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1 February 2025 | 5 replies
Talking to an appraiser early is a smart move—they can guide you on what improvements will add the most value.Don’t forget to fix any deferred maintenance and highlight unique features like tall ceilings or original hardwood floors.Let us know how it goes, and feel free to ask more questions—we’re here to help!
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21 January 2025 | 59 replies
Basically zero maintenance.
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15 January 2025 | 24 replies
House hack another property with a low down payment loan and use the remainder or the proceeds to either renovate or purchase another investment property?
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7 February 2025 | 3 replies
It’s a lower risk strategy since you’ll be living in one of the units, and you’ll qualify for low down payment loans.