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29 January 2025 | 12 replies
We needed to build more there but the cost to build has doubled and the return is t sufficient.
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1 February 2025 | 30 replies
One of the things I'm trying to figure out is if I'm better off getting a few lower cost properties or on higher priced property.
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6 February 2025 | 6 replies
When I inquired about it, plumber said lining, it is usually not prefect since this is PVC breakage not just pipe cracks and the cost saving is not significant enough and maybe headache down the road.I will try to get more quotes and maybe a company that specializes in pipe lining options.I was told foundation work / under slab pipe repair is common in the Dallas TX area due to soil type.
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31 January 2025 | 0 replies
Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.
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5 February 2025 | 14 replies
I'm with you that sidewalk slip and fall litigation may be less likely in the Midwest than say Mid Atlantic which tends to have more litigious cities but dismissing premises liability issues can come back to bite an investor and when these properties have such razor thin margins that an investor must consider the cost benefit analysis of safety against ROI, there is a real estate issue and is usually a losing proposition.
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27 December 2024 | 3 replies
Second, we current Americans would learn to say “Eh?”
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29 January 2025 | 24 replies
$10K savings to you or higher cost to you?
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1 February 2025 | 1 reply
Let's say it's $100 a month and the cost to install a fence is $3,000.
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4 February 2025 | 1 reply
Our goal is to be able to use either some type of software or spreadsheets to continue to build off of and help dial in our costs as we begin to hire more contractors for our team.
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29 January 2025 | 12 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.