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18 November 2024 | 9 replies
Have a separate bank account from your personal, make sure the operating agreement spells out how to value if anyone exits, who can buy into it, you can vote to not distribute funds- if your sued they can come after your property but also your Cashflow stream.
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16 November 2024 | 26 replies
Hi Syman, BRRRR Invest Academy is not affiliated with Bigger Pockets and I don't believe anyone owns the rights to BRRRR acronym, but I think Brandon Turner made it famous.I'm in the program and the gold mine is in the network of other investors and the constant action from Nate and Jiries to continue teaching beyond what is in the course material.
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15 November 2024 | 2 replies
I have 3+ years of rental history with these income streams.
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15 November 2024 | 5 replies
I get calls, texts, cards and letters constantly on this rental.
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23 November 2024 | 38 replies
In addition, doing fewer deals than that will most likely mean that they don't have a legit team of pros to back you- PM, GC, Plumber, lender, etc- if they aren't feeding them constant business, those contractors won't drop their current jobs to help you in an emergency.
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21 November 2024 | 305 replies
"I don't know what happened" or "It was that way when I got home" are the constant excuses I hear regarding damages to the property.
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20 November 2024 | 37 replies
If you currently have a high cash flow income stream in place that allows you to weather the negative cash flow storm from your rental(s) with the intent of holding the property(ies) for appreciation, then it may make sense for you.
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16 November 2024 | 12 replies
Given your stage of life, this could be challenging but worthwhile if you’re confident in handling the stretch.Sell, and reinvest in cash-flow rentals: Using part of the equity to generate cash flow with out-of-state rentals could create a retirement income stream now while still capturing SoCal appreciation.
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19 November 2024 | 21 replies
He does excellent rehabs and stays in constant communication and explains everything in full.
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14 November 2024 | 3 replies
Double check me on that because it seems like the legislation is constantly changing.