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20 December 2024 | 3 replies
He started doing small, low-key investor dinners where everyone could swap stories and insights, no hard pitches, just good conversation.
20 December 2024 | 4 replies
A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.
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19 December 2024 | 5 replies
I ran quick numbers (see below) and it would seem that we'd cash flow better with Section 8, but the horror stories from other investors scare me. Â
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21 December 2024 | 11 replies
Let me share a story about another investor I worked with.
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17 December 2024 | 5 replies
Too many stories of hacking to get at wire transfers, etc.
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16 December 2024 | 1 reply
If you were to demo, different story.
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17 December 2024 | 1 reply
Details on the duplex:Price: $385kBuilt: 2012Size: 2674 sq ft (1333 each side). 2 story, 3B/2.5B each side w/ 1 car garage & driveway for both, fenced backyard both sides.Interest: 5.49%PITI: $2,698Current Rent: $1,350 but could be brought up to ~$1,600, maybe $1,700Yearly Property Tax: $8,340 (I don't pay any on my side while I live there so $4,170)Upgrades: Vinyl floor in kitchen of both units, new AC (central HVAC) on vacant unit, roof done 2016.Â
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11 January 2025 | 67 replies
That has been my story.
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21 December 2024 | 6 replies
Speaking from the Arizona perspective, we are experiencing continued growth, attracting lots of new residents (Californians choose Texas and Arizona as their top 2 places to move).Here's an economic forecast:https://www.azcentral.com/story/money/business/economy/2019/12/11/arizona-state-university-annual-economic-forecast-predicts-slower-growth/4398074002/Not sure where you are getting your "low rent" thoughts, maybe compared to CA.
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28 December 2024 | 23 replies
My story, with 1/1000th his wealth (or less.) builds on Jay’s idea of zero debt (I only have a dozen homes worth mid to high 7 figures, but I owe zero.), along with his idea of where you come from and your life experience determines what you need to feel like you couldn’t spend all your money without wasting it.