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22 February 2025 | 10 replies
You'll never convince a tenant that they are getting a good deal, especially as a self manager, no point in even engaging in those conversations.
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19 February 2025 | 3 replies
Look to ask the seller about financing back whatever they want for their equity but make sure the mortgage rate and payment are at a place where you will be able to cash flow effectively.
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19 February 2025 | 27 replies
How much it makes as a LTR/STR/MTR doesn't have any effect on the pricing as it's value is strictly from comps.
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29 January 2025 | 22 replies
Then you can self-manage and learn all about tenants, contractors, etc.
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18 February 2025 | 9 replies
However, you can reduce tax liability by:Converting the flip into a rental for at least a year, allowing for depreciation and potential 1031 exchange benefits when selling.Offsetting gains with deductions, such as accelerating business expenses or using cost segregation for rentals.Using an S-Corp for future flips to lower self-employment taxes while keeping rentals in an LLC for liability protection.Deferring deductions to 2025 if your 2024 taxable income is high.While a 1031 exchange isn’t an option for flips, strategic tax planning can help minimize taxes.This post does not create a CPA-Client relationship.
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6 February 2025 | 12 replies
If I take a break, that part of the business cannot function effectively.
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9 February 2025 | 3 replies
Remember, the notion of amassing wealth without investing is a dangerous myth perpetuated by self-proclaimed experts.
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19 February 2025 | 17 replies
@Brandon MorganI self manage my 29 SFR and run into this all the time.
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30 January 2025 | 62 replies
Will they be able to effect mass deportation day1, week1, month1, HELL YES.
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2 February 2025 | 17 replies
So I carry effectively 0 debt.