Bruce D. Kowal
The Side-Hustle Timeline: How to Build Your RE Business While Working 9-5
16 January 2025 | 1 reply
But it's YOUR money, and Real Estate, to put it mildly, is a contact sport).Month 5: Deals & Network (15-18 hours/week)Submit first offersAttend 2-3 REI events monthlyBuild social media presenceKey Goal: First offer acceptedMonth 6: Scale & Automate (15-20 hours/week)Delegate initial tasksEstablish morning/evening routinesCreate follow-up systemsKey Goal: Sustainable weekly scheduleš« Common Pitfalls to Avoid:Overcommitting earlyNeglecting W2 responsibilitiesSkipping system creationTaking on too many mentor callsā
Success Markers:Consistent daily actionsGrowing networkClear systemsNo work conflictsSteady deal flowMaintained energy levelsš Action Steps This Week:Audit your current scheduleBlock 2 hours dailyChoose your power hour (morning/evening)Set 30-day milestoneGeneral Comment: Ā obviously not everyone will follow these suggestions.Ā Ā
Greg Strunak
Cash flow/ passive income
30 December 2024 | 6 replies
Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.
Matthew C.
Advice on multifamily vacancy
13 January 2025 | 11 replies
I suggested waiving the entire first month but our manager suggested we wait to see what happens with 50% off first.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
I'll keep this short and simple.
Joshua Manier
HELOC for 2 unit investment property in Chicago, IL
15 January 2025 | 8 replies
Iād suggest starting with local credit unions or community banksātheyāre often more flexible with investment properties.
Jason Thomas
I am new and want to learn and get a deal for 2025 with good guidance
29 January 2025 | 6 replies
I would also suggest YouTube if you like to watch vs read.
Bruce D. Kowal
š vs š - A Fresh Look at Real Estate and Dividend Stocks
28 January 2025 | 0 replies
You can't call up Apple's CEO and suggest improvements, but you can definitely upgrade your rental property's kitchen to command higher rent.
Allende Hernandez
Do you run screening in all the potential tenants?
22 January 2025 | 16 replies
That person is responsible for anyone one else that comes into contact with your property.I suggest using a service like Mayistay.
Samantha Benz
Should I go to BPCON?
28 January 2025 | 9 replies
I highly suggest you go.And it's VEGAS!!!
Nicholas Dillon
Lumping PMI into overall loan amount
10 January 2025 | 1 reply
I had a loan officer suggest to do this.