James Wise
Why do people Buy Property in California
22 January 2025 | 203 replies
The best acting, best jobs, best food, famous landmarks, best museums, best park, best comedy, etc are all arguably located there.It allows the ultimate lifestyle for those who can generate the income, the ultimate opportunities, and the ultimate optionality.
John Postma
A couple deals under my belt, but at a stand-still and need a coach/advisor.
13 December 2024 | 32 replies
All successful plans are generated this way.
Jennifer Fernéz
Let's say you have $80K in your savings account...
19 December 2024 | 82 replies
Fast forward 20 years when you are 60 and you have a multi-million dollar real estate portfolio that should be generating a solid amount of passive income.
Silas Melson
Estimating Rehab Costs
14 December 2024 | 15 replies
However, since I am NOT an expert in everything I assign a value for how confident I am in each estimate and use that to generate a LOW and HIGH estimate value.
Renee Coss
Should I convert my garage into ADU for a Short Term Rental?
11 December 2024 | 14 replies
During this time you are not generating any return from the money invested in the ADU.
Xavien Rafael
Why Structuring Your Bank Accounts Is Key to Real Estate Success
13 December 2024 | 5 replies
A tax account ensures nothing is accidentally spent elsewhere, and a marketing account makes sure lead generation is always prioritized.From a credit perspective, connecting credit cards to these accounts on autopay helps you manage spending responsibly while playing the credit game.
Brendan Connolly
Looking for tips for slow season
19 December 2024 | 13 replies
This change has helped generate more bookings, but it comes with a trade-off: guests booking single nights on Fridays or Saturdays might prevent full weekend bookings.Lowered PricesWe’re utilizing PriceLabs for dynamic pricing and have reduced our rates to stay competitive during the off-season.Listed on Furnished FinderWe created a Furnished Finder account to target mid-term stays, which I hoped would solve our slow-season problem.
Tiffany Alfaro
Preparing for Real Estate Investment: Savings, Expenses, and Side Work Opportunities
13 December 2024 | 7 replies
I want to ensure I’m saving appropriately for a down payment and that the property will generate enough income to cover all related costs.Any insights or recommendations would be greatly appreciated.Thank you!
Andres Rossini
Am I greedy/emotional seller? Revenue=185k Expenses=100K
10 December 2024 | 39 replies
It might be worth quite a bit, depending on how much cash flow it is generating.
Chris L.
Can I deduct passive losses the year my rental property sold?
13 December 2024 | 6 replies
., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted.