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16 January 2025 | 3 replies
An easy flip at 7-10% return might be more lucrative than a larger project that takes longer and more chances for cost over runs.
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15 January 2025 | 12 replies
It was easy to sign up with Square.
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14 January 2025 | 10 replies
I’d love to hear about the crime rates or any other issues (which we cannot guess from the online stats), and how easy or hard it is to find reliable tenants and property management companies.
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24 January 2025 | 12 replies
It was really easy to navigate.
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14 January 2025 | 28 replies
Come tax time it becomes fairly easy to run separate reports for each entity or each property for schedule E.
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24 February 2025 | 35 replies
All of this being said, I will also say, most programs will say something like, "be your own boss" or "business is easy".
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15 January 2025 | 11 replies
@Unal Baris Kancoglu - if it is an easy switch out, probably $8k right now.
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1 February 2025 | 9 replies
Getting something under contract is as easy as give the seller all the money.
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22 January 2025 | 10 replies
@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.
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19 January 2025 | 9 replies
I detail here how my first flip essentially bankrupted me which resulted in this house losing money as well.It’s easy to blame others for all that went wrong.