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28 January 2025 | 9 replies
Sounds like you're in the scale/harvesting time so I think you need to determine if this property is something you are happy with the cashflow it would produce as well as the time needed to manage it or hire a property manager, or is it time to take the equity and redeploy it into something more worthwhile like a higher cash flowing investment or creating higher equity in the home you buy down here.
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20 January 2025 | 14 replies
For example, a property in San Diego may lose $500 per month ($6,000 per year) but gain $60,000 per year in value, making it worthwhile to "lose" money each month in exchange for long-term gains.I recommend you start with BiggerPockets Ultimate Beginners Guide (free).
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3 February 2025 | 37 replies
But you do need to give the deal items for worthwhile info.
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17 February 2025 | 40 replies
In regards to other Mentorship programs we have been part of this has been one of the most worthwhile for us.Feel free to connect with me for further questions happy to chat real estate or Raisemaster
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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19 January 2025 | 9 replies
You might make less, but you cut a lot of costs, make the 1031 exchange easy and maybe worthwhile.
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22 January 2025 | 14 replies
The tax rate difference from from long term to short term alone won't make it worthwhile in my opinion- add the 401K withdrawal penalty on top.
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3 February 2025 | 26 replies
It may be more worthwhile to find someone who has reasonable fees for their service as my two cents.I hope this helps in some way!
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20 February 2025 | 25 replies
It may be worthwhile to speak and find out more information.