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3 January 2025 | 42 replies
Good to hear there’s consistency over time.
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6 January 2025 | 17 replies
Quote from @Kody Smith: without getting too deep into my finances, what my strategy is...1. take loans to buy properties (leverage)2. fix/flip for day to day cash flow income3. use some of the fix/flip income to buy consistent cash flow through:- business acquisition, - commercial properties (MF and store fronts),I have no intention of doing ALL of the management myself, I will hire management as needed (medium term goal)my expected core role is money provider, evaluating the numbers, making decisions, and connecting with investors, wholesalers, lenders, contractors, and property owners.while I am just on step 2 of the journey, I am looking toward step 3 to stabilize, and not worry about if house prices drop mid project or not (or not worry as much) So to be fair this is more about obtaining and growing a real estate business not simply buying rentals for cashflow.
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19 January 2025 | 61 replies
Please try not to confuse two totally different aspects of investing when giving advice.
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2 January 2025 | 2 replies
When I receive inbox messages and the sender can't even keep their name consistent between signature and account name, you know its getting out of hand.
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10 January 2025 | 8 replies
Besides the price point, there would certainly be a time savings aspect too (and we all know time is money).
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9 January 2025 | 9 replies
What I love about Baselane is that it was built BY real estate investors FOR real estate investors so it's really dialed in to what you're going to need in order to prepare your taxes, keep your books up to date and the more operational aspects of being an REI like tenant vetting and processing rent payments.
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10 January 2025 | 12 replies
My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be.
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9 January 2025 | 15 replies
What I found with Airbnb's pricing is consistent with the above- their recommendations are for lower pricing (and not in the host's best interests).
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7 January 2025 | 16 replies
Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win.
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4 January 2025 | 2 replies
Also make sure to consider all the aspects you can including the tax differences.