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28 December 2024 | 8 replies
I wanted to build up his team, I wanted to help bring him work, I wanted to help in sales and lead generating and buy into his companies LLC.. but even that was fraudulently represented as In the beginning he had represented himself as someone who had a team in house around 60 people, with vehicles, trailers, tools, lawnmowers, weed wackers, nail guns.. the works.
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21 December 2024 | 14 replies
As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.
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14 December 2024 | 0 replies
It wasn’t just about the property—it was about the lessons she was teaching her kids along the way.During the drive, she shared valuable insights with them:• How real estate can generate income.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?
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19 December 2024 | 10 replies
Then use the extra roommate rent income to pay down your mortgage and look to refi to a lower payment in the future (3-5 years) - so it cashflow when you move out.You could also choose the smaller unit and STR the other unit to generate more cash to pay down your mortgage and refi, so it cashflows when you move out.Bottom line: you'll have to get creative to solve your cashflow challenge!
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17 December 2024 | 6 replies
Any tips on targeted marketing, effective lead generation, or even some "outside-the-box" tactics?
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16 December 2024 | 6 replies
Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.
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14 December 2024 | 13 replies
Can you generate a report in Buildium to download a CSV file to upload transactions to Stessa via the Stessa CSC uploader?
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18 December 2024 | 15 replies
If the property is making money - and I mean really generating good cash flow - then those taxes are just another line item in your budget.
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20 December 2024 | 5 replies
They chose a second home loan for their beachside property but later realized that refinancing as an investment loan was more advantageous when they started generating consistent rental income.
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31 December 2024 | 418 replies
RE sales slows a LOT to generate revenue find a new investment.