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10 December 2024 | 11 replies
I bought two SFR is Desert Hot Springs (years ago).
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16 December 2024 | 17 replies
You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist).
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17 December 2024 | 16 replies
You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.
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12 December 2024 | 9 replies
I guess not to buy since I just finished one of the new BP podcast episode - Rent INSTEAD of Buying by Jonathan lollKeep on renting does make sense at least for now (and maybe a little longer since the housing market is still HOT around here.)
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12 January 2025 | 185 replies
They were the hot topic and states stepped in and started regulating them.
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13 December 2024 | 9 replies
I would have personally waited a bit to list in the spring when things are hot and everyone is over-bidding.
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6 December 2024 | 5 replies
Whether it's reading 10 minutes a day, making one new connection, or analyzing one deal, consistency beats intensity every time.What’s one habit that’s changed your life?
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9 December 2024 | 2 replies
Quick tips…✅ Everyday Homeowners - track all home improvements as you could qualify for energy efficiency home improvement credit - new exterior windows, new central A/C, new hot water heater, new insulation material.✅ Investors - Keep detailed records of ALL rental property expenses to reduce your taxable income - helping your CPA spot additional tax saving opportunities.Imperative to use a CPA who is well versed in Real Estate tax code.My CPA is just that - DM me to get his contact information....
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7 December 2024 | 7 replies
Both of these are management-intensive though, good luck!
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9 December 2024 | 9 replies
Flipping is probably a little more intense, but can still be done with a day job, but again, my average flip versus my average rental: flip has made much better returns.And as for generational wealth and handing down something to your kids... well, I guess I view it as: if I can hand my kids a $10mm trust fund held in public securities, or $10mm real estate portfolio, they are going to be pretty set either way, but a real estate portfolio will continually have costs and work, a brokerage account is a bit more set and forget, with some periodic rebalancing.