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24 January 2025 | 0 replies
Proper research, budgeting, and a well-thought-out strategy are key to minimizing risks and maximizing returns.In the end, BRRRR is an active investment strategy that, when executed correctly, can lead to long-term wealth creation, a steady stream of rental income, and a scalable real estate portfolio.
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21 January 2025 | 4 replies
File an eviction with the court and provide the proper notices (e.g., 10-day notice to pay or vacate for nonpayment of rent).
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22 January 2025 | 14 replies
It’s a balancing act of controlling costs while also controlling risk of personal injury to your tenants and property visitors as well as maintaining goodwill with all involved at the properties.
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11 January 2025 | 3 replies
Hey Todd, that’s a real juggling act you’ve got.. balancing one home in Florida with another new purchase in Oregon.
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12 January 2025 | 28 replies
Get an attorney and get these losers out then hire a property manager to properly vet any future tenants!
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14 January 2025 | 4 replies
You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage.
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21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
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17 January 2025 | 10 replies
Staff worked hard to balance the needs and desires of all study participants and develop regulations that are simple, sensible, and enforceable."
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26 January 2025 | 5 replies
For the community development dept, you'll need proper plans (architect), site survey, permits, etc. when you're ready.
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8 January 2025 | 10 replies
This is very frustrating given that I was under the impression that I could just roll the entire retirement balances over to a IRA and then have complete control to invest that money into properties.