
2 October 2024 | 19 replies
The goal is to assign contracts to investors while highlighting the potential for growth and earning assignment fees.Goal 3: House Hacking (Florida)In Florida, I’d like to purchase a duplex or multifamily property, live in one unit, and rent out the others to reduce or eliminate my mortgage, allowing me to enter the market with minimal living expenses.Goal 4: Buy and Hold or Wholesale (Florida)For my second Florida goal, I’m deciding between buying and holding properties in developing areas (similar to Texas) or wholesaling properties in areas with high rental demand.Looking for Feedback:•Are these goals realistic given current market trends in Texas and Florida?

3 October 2024 | 9 replies
I was really struggling to decide what investing option to prioritize but I got a lot of clarity from the decision making process in the book, so much so that less than a month after finishing the book, I'm under contract for my next place that aligns with my strategy!

30 September 2024 | 25 replies
The exemption is for tax purposes/discounts, not the legal definition of homestead.

30 September 2024 | 3 replies
He has 3 months of rent left and this is for 1 year new contract.

25 September 2024 | 6 replies
Should I pay a lawyer $2000 to start my LLC or should I start with Legal Zoom and pay around $300?

1 October 2024 | 8 replies
At one point (it's been a few years since I delt with this) there was a nationwide advertiser (high ranking on Google search) that had contracted with the low cost provider in Denver and had a non-compete clause.

30 September 2024 | 4 replies
Quote from @Mike Dawson: An LLC is useful for two things: anonymity and legal protection.

30 September 2024 | 5 replies
If your startup costs are over $55,000, you lose the immediate deduction, and the entire amount would have to be amortized over 180 months (15 years).Here’s an example to clarify:•If you spend $7,000 on startup costs (such as attending BPCon, legal fees, and market research), you can deduct $5,000 in the first year and amortize the remaining $2,000 over 15 years, starting when your business is officially active.

30 September 2024 | 7 replies
I am under contract for a 5-plex which is technically a commercial property.