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8 December 2024 | 26 replies
There is much confusion about the 4% and 6% in property taxes.Non owner occupied property is taxed at 6% of the value to get the taxable value.This does NOT mean your actual property tax is 6% of the purchase price for rental property,In reality property taxes are about 2% of the purchase price for rental properties and about 1% of the purchase price for owner occupied properties.Google Greenville County Property Tax estimator and play with it and get a sense of how it works.3.
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4 December 2024 | 7 replies
In reality, you're not going to want the kind of tenants that want what you have to offer but aren't in a position to buy.
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5 December 2024 | 25 replies
The reality is it's a huge focus for me with my fourth and likely final happening earlier this year.
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12 December 2024 | 49 replies
The reality is the smart money did know and did pull out of time.
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5 December 2024 | 11 replies
Did you use AI to generate your posts, you slick dog...Haha, but in all reality AI is useful as a complementary piece for day to day activities.
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7 December 2024 | 9 replies
This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.
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10 December 2024 | 26 replies
When you start out you need to come from a place of reality not someone blowing smoke up your as%.
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5 December 2024 | 15 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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4 December 2024 | 9 replies
It's not the reality for most and if more beginner investors had the correct mindset they would make better and more informed investment decisions.
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30 November 2024 | 1 reply
Highlight efforts to minimize displacement, such as offering lease renewals or supporting affordable housing initiatives, and share data to clarify financial realities.