Setting clear expectations early on saved us a ton of stress and kept our investment goals on track.Here to chat if you need any more advice!

Are there any Depreciation recapture or capital gain Tax dispositions that need to be resolved with the exiting member?

Hey guys,  Im thinking of shifting my traditional checking/saving account and mortgage to a manulife one account which my broker has suggested so I can be ready to pounce on a house and properly conduct the yellow letter direct marketing offering cash when they want it. 

A good PM can save a mediocre investment.

Yep- it'll save you lots of maintenance, repairs and upkeep in the future.

You will already be saving substantial closing costs with a private deal.

Quote from @Tom Grieshammer: I’m 26 and I’ve saved up 120,000 and want to get the best bang for my buck in real estate.

.✅ Always keep thorough records✅ Make communication traceable✅ Ensure maintenance requests are properly logged and addressedYou never know when good documentation will save you from a nightmare scenario.What’s the wildest property management situation you’ve encountered?

I don’t know if I should invest in the Jersey market and put maybe 20-50% down on something, make less cash flow and make more appreciation, or every two years or so maybe buy something fully cash (my own $) in the Midwest let’s say 5-10 units and make more cash flow with no debt as with the income I make I can just save and buy more, don’t necessarily need to leverage in some markets.

Self-managing can save money, but it requires effort upfront to find the right team.