Rob Hakes
What the heck just happened.......
12 December 2024 | 2 replies
Here are the playersMe - OwnerOG Developer - Original Developer that improved property before I purchasedNew Developer - New Developer currently building a new subdivisionWater District - Own the vacant land that my sewer line runs acrossCity - Well, The cityTimeline:2007 - OG developer purchases large 1 acre lot with an existing house with the intent to subdivide and create a small PUD.2008 - Improvements are made (new street, sewerlines, storm, power, water) are brought into the subdivision.
Rajesh Kasturi
Best Places to invest for Mid Term Rentals with cash flow and appreciation
24 December 2024 | 8 replies
MTR brought in 75% of the gross and more of the net due to lower cleaning fees for turning over the STR.For gross numbers we brought in about 1.2% of the ARV value in monthly rent this year which is decent based on the rules of thumb at least.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
“live your dash” if you do not know what that is google it. pretty powerful and it seems like the original poster is doing this.
Nick S.
Airbnb/str management advice
16 December 2024 | 21 replies
Do you have someone that manages it all including bookings and customer service or just specific parts like cleaning only?
Ashley Wilson
2025 Goal Setting Tips for Success
22 December 2024 | 0 replies
This is why mentorship can be so powerful in helping people achieve their goals.
Spencer Ware
Retired NFL Player 2x SB Champ
27 January 2025 | 48 replies
This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).
Chris Lu
New BP member looking for STR budget feedback!
22 December 2024 | 5 replies
If you do outsource, some management companies will cover various things like cleaning, supplies, etc. so look into that as well.
Troy Boister
EIN Corporate Credit / The Unknown Benefit
17 December 2024 | 0 replies
This is NOT Business Credit.By establishing a separate corporate credit profile on the EIN Number (separate from the business owner's SSN/FICO), investors can access substantial business credit lines, capital for property acquisitions, and renovation funds without personally guaranteeing the debt.This approach creates a powerful financial firewall between personal and business assets while potentially generating a significantly larger (ROI) through reduced interest rates, increased borrowing capacity, and the ability to scale investments more rapidly.The education gap surrounding EIN corporate credit means savvy investors who understand and implement this strategy can gain a significant competitive advantage.
Brett Jurgens
Best way to use built up equity?
22 December 2024 | 23 replies
High borrowing costs right now, so have to look at what you're able to produce vs the borrowing cost. 1031ing can be a super powerful strategy, but there are time constraints involved.