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14 January 2025 | 2 replies
Realize that you need to design around it.
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13 February 2025 | 22 replies
I am not sure if it is more effective.
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7 January 2025 | 16 replies
Hi BP community! I currently House Hack in Everett, WA (near Seattle) and utilize FurnishedFinder for our basement ADU with great success. I have built up enough equity and savings and will start adding multiple rent...
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10 January 2025 | 8 replies
We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.
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6 January 2025 | 8 replies
The one big caution I would have for investors on the design is don’t make the room size too small.
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11 January 2025 | 10 replies
They are designed particularly with mother-in-law or next generational living in mind.
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3 February 2025 | 31 replies
Let's look at your example of a roofer, assuming he owns the company.He has to pay for employees- they still get paid, even if they are not giving 100% effort.He has to pay his workers to go back for warranty work - effectively paying them to do the same job twice.He has to pay for equipment, even when it's not being used 100% of the time.- but the company he bought it from still gets paid.He has to pay for advertising, whether it works or not.- but the advertising company still gets paid.He has to pay for accounting services, payroll services, tax services, legal services, etc.- they all get paid whether he makes money or not.So, what's your point?
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29 January 2025 | 14 replies
Detroit requires strong local relationships to navigate things like neighborhood nuances and property management effectively.
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24 January 2025 | 8 replies
You also will still need to manage your property manager - ie, stay on top of expenses, ensuring your property is being managed effectively etc.
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14 January 2025 | 28 replies
My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.