Kana Watanabe
Los Angeles ADU Experience
14 January 2025 | 11 replies
So you have some great resources right off the bat, my additional Referrals would be too many :)
Golan Corshidi
Can you find good deals on the MLS that have been sitting on the market for a while?
24 January 2025 | 6 replies
I had one overall criteria and that was could I create additional value and could it pencil.
Johnathan Cummings
Buying portfolio and then selling off a portion to recoup investment?
22 January 2025 | 2 replies
Additionally, lenders may require a release price (a specific amount to pay down the loan) for each property sold, which can complicate the strategy.It’s worth discussing these details with a trusted lender or mortgage broker to ensure the plan aligns with the loan’s terms.
Kwanza P.
Anyone with success setting up and then investing in real estate via an LLC/IRA?
29 January 2025 | 9 replies
I’d recommend a consultation with an attorney specializing in these, in addition to an accountant.
Justin R.
Who has moved from QBO to Rentastic (or other RE based software)
27 January 2025 | 17 replies
You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate - Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck!
Stephen Fleming
Newbie Plan. Thoughts?
14 January 2025 | 9 replies
That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.
Katie Southard
Do I sell my rental property and take the cash tax free?
28 January 2025 | 1 reply
Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift.
Sam Leon
"Non representation listing please call owner direct"
11 January 2025 | 4 replies
Most likely a "discount listing" Owner pays realtor a small amount upfront to add it to the MLS.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
All this in addition to 6 other lease violations...
Chris Mahoo
Long term rental when you are not full time real estate professional
22 January 2025 | 10 replies
You don’t get to just expense the additional real expenses.