2 February 2025 | 3 replies
Can you provide guidance on how to get started and some effective strategies?
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18 February 2025 | 25 replies
In online forums, the danger I've experienced is the "national" effect.
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11 February 2025 | 6 replies
Why ask: Hearing about the success of previous mentees can offer insight into the mentor’s teaching style and the effectiveness of the program.14.
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5 February 2025 | 5 replies
So your super basic P&L may look like: $30,000 Rents-$3,000 insurance expense -$9,000 interest-$3,000 taxes-$8,000 operating expenses-$14,000 depreciation ----------------$7,000 loss on paper for the year so negative taxable income But remember- $14k of that (depreciation) was something we didn't actually spend money on- so cash in bank at year end would be $7,000.
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17 February 2025 | 9 replies
If you do the math, since your borrower is paying interest on interest, it raises your effective interest rate by about a point.
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6 February 2025 | 11 replies
I saw zero advantage (perhaps negative) in Furnished Finder being in the middle.
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7 February 2025 | 9 replies
You are effectively operating a hotel, which is a business enterprise with very different risks and hazards to insure.
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31 January 2025 | 6 replies
Assuming 7.5% interest rate, the negative leverage would require you to put way more than 20% down just to break even.
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10 February 2025 | 4 replies
Implement scalable systems and processes to effectively manage and grow your real estate holdings.
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23 February 2025 | 4 replies
I agree with @Isadore Nelson, there will be an initial sting due to to the IRA transaction but with quick math at 8% your 60k will generate about 4.8k in year one, in 4 months at 1.3k you've already eclipsed that, their will also be a larger tax for passive income and an initial penalty from the IRS, but it won't erode the 8 month difference let alone the yearly compounding effect.