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10 April 2021 | 5 replies
The key dynamic to success in rental investments is CASH FLOW unless you are willing to Speculate on just Appreciation (Betting on Appreciation read another way is Gambling).
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5 April 2023 | 7 replies
Someone can send you something you find online, but to @Greg Scott's point, unless you have consulted with someone who knows LLC and asset protection nuances in and out (particularly with establishing WY LLCs for presumably the holding entity) you really are gambling with whether it is a good Op Agreement that covers everything for your specific situation.
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11 January 2023 | 13 replies
We have an accountant who has been doing our personal taxes for years, but last year we bought a vacation rental and he told us we owed $4,000 this year before we even gave him any of our Financials so I feel that he has either quit caring or is somehow fraudulently filing to get more from us.
23 December 2023 | 22 replies
I don't think it would rent enough to pay the loan and I would be gambling on me paying the difference.
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27 March 2023 | 52 replies
I would not sleep well at night having made that gamble.
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25 August 2021 | 19 replies
But I guess that is a gamble and would the owner see it that way.
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22 December 2023 | 1 reply
They also don't take land they've invested a great deal of time and money developing and gamble it by placing it into a venture as you are describing.
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22 December 2023 | 3 replies
If you are going to gamble on the STR play, I would be sure the property will cash flow as a long term or you are willing to deal with the vacancies of a mid term.
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4 April 2023 | 31 replies
I don't know what @John Thedford is talking about, but wholesaling is not fraudulent unless I misunderstand his statement which he would need to clarify if he wants to
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6 December 2023 | 7 replies
The are you can gamble on is Clark Fulton, still a lower class are but MetroHealth is injecting $1b into the area, so with time the area will gentrify and values will go up even more.