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8 May 2024 | 4 replies
I initially focused on optimizing and growing my portfolio, which grew into helping many of my investors here in Denver.1) Do a full annual review of your portfolio - Portfolio AnalysisYou don't need real time tracking month to month.
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10 May 2024 | 116 replies
Of course, securing the initial and ongoing capital to invest in the market is a bit tricky (it usually requires being frugal and making an already healthy income), and you are exposed to the risk that the company you are invested in is the next Enron and could go to $0 tomorrow.
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7 May 2024 | 21 replies
I have investments that send on-time quarterly reports with documents like rent rolls, expense reports, detailed explanations of whether we are in line with initial projections or not and if things have been improving or not and why.
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7 May 2024 | 6 replies
Successful real estate investment begins with teaching yourself about the landscape, networking, initiating small, being financial literate, doing something, and never giving up.
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8 May 2024 | 112 replies
It's turnkey, but there will be a lot of repairs beyond the initial agreed upon improvements.
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7 May 2024 | 56 replies
The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud.
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7 May 2024 | 6 replies
After initial discussions, observe how quickly they respond to follow-up emails.
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7 May 2024 | 6 replies
My plan is to continue to operate the LTR, get approvals for my already initiated project one way or another from the board/or not since I've already put in a fair amount of money for turf/installation, and respectfully decline this additional potential $6k charge.
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8 May 2024 | 20 replies
As your income grows or your needs change, this initial purchase could also potentially be converted into a rental property down the line, adding another layer to your investment strategy.
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7 May 2024 | 16 replies
Initially he started doing is own bookkeeping and after his 2nd deal he said " If you can help us everyday, I will take your challenge to cover your fees and you and your firm can be our CFO"Challenge - Buy 5 properties and sell or rent at least 4 in the first month.