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10 August 2024 | 2 replies
Truly depends on your lifestyle and the amount of time you want to spend on real estate.
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12 August 2024 | 39 replies
This stability can significantly enhance the quality of life for tenants, offering a sense of peace and financial predictability.However, as a landlord, this 5% cap limits my ability to adjust rents based on market conditions and rising costs, thereby reducing profitability.
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8 August 2024 | 11 replies
They are often classified as operating expenses or maintenance expenses rather than capital improvements (assets).Washer/Dryer/Stove/Refrigerator: These are assets as they are considered durable goods that will benefit the property over an extended period.New Baseboards/Trim, Doors: These are generally considered assets because they enhance the property's value and are not typically replaced frequently.Furnace/AC: These are significant components of the property and are categorized as assets due to their long-term benefit.Paint, Light Fixtures: These can be a bit nuanced.
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12 August 2024 | 20 replies
If the answer to the last question is because they would rather stay at home and don't want to get a job or they have a job, but want to 'enjoy' their lifestyle and not be 'burdened' by bills, then it is time for them to grow up and move out.
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9 August 2024 | 2 replies
Ultimately I think a lot of us are in real estate because we have found a way to make real estate fit our lifestyle and goals for the long term.
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10 August 2024 | 23 replies
When you tell these people that it often takes more than a decade before the investing makes things like that possible, they go looking elsewhere for advice, until they find someone who's willing to sell them what they want to hear.Building relationships, improving your lifestyle, relieving chronic anxiety, creating strong friendships, building bonds with family, work-life balance, delayed gratification, risk-reward management, lifelong financial freedom, all the really good things about REI are often suffocated under the overwhelming need to GENERATE INCOME TO QUIT MY HATEFUL JOB.What's the best thing about investing for me?
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10 August 2024 | 10 replies
I'm only here for the next 1 to 1 1/2 years; until we move on to our next investment asset and life style.
9 August 2024 | 9 replies
@Connor McGinnis It is more of a lifestyle choice.
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11 August 2024 | 99 replies
Thanks to the eduction we've received at BP, my husband and I have made massive changes to our lifestyle recently, and begun moving our six figure savings from places it was doing us no good, and into smart real estate investments.
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7 August 2024 | 0 replies
Use third-party experts for thorough analysis and efficient software for streamlined documentation to enhance your due diligence reports.In my experience, leveraging due diligence can lead to better outcomes.