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31 January 2025 | 10 replies
That’s something I’m still fine-tuning as I explore new areas.As for scaling up, my focus right now is on leveraging tax-efficient strategies and building a system of limited liability companies (LLCs) to keep risk compartmentalized.
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4 January 2025 | 1 reply
One thing that I’m seeing it that large multi unit buildings beyond the 800k mark are all on a boiler and paying to heat the entire building ruins the numbers.
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19 January 2025 | 51 replies
Once you set up the tenants in the system it works great.
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16 January 2025 | 15 replies
Rents are high in this town and I think folks just don't sell their multi-family units very often.
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27 January 2025 | 17 replies
For many, their downfall (and really what makes it so easy) is that it is a single-entry system.
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7 January 2025 | 6 replies
It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.
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17 January 2025 | 1 reply
Here's why:The Multi-State Chess Game:• Client had properties in 3 states• Each state has different deadlines to assess taxes• Federal changes trigger automatic state assessments• Timing the response saved $45K in state taxes🏠 Real Estate Investor Pro Tip:States can't assess back taxes if their statute of limitations expires before federal changes finalize.
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21 January 2025 | 2 replies
To scale this route you need to have a good system in place to ensure you are profitable.
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29 January 2025 | 21 replies
From not having an attorney draft the docs, to trying to cheat the system with the deed in lieu to not professionally servicing the loan.
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26 January 2025 | 51 replies
They look to have some success with taking deals full-cycle and currently have a sun belt multi-property offering that I'm researching.