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28 January 2025 | 27 replies
Nothing points to this better than claiming the property cash flows $1,000/m relying on rent collection and debt service/taxes/insurance while responding to my question about other operating expenses/reserves with: "repairs will come and we will fix, but that's why we do our due diligence before we buy so we aren't walking into major repairs".
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21 January 2025 | 31 replies
With enough knowledge you can make a educated decision on which approach you take.My experience:I personally don't sign up for any program who take you aside during events and try to sell packages that is just blatant sales strategy.Once you sign up there is every attempt to make you sign for their programs for bookkeeping, registered agent, LLC or corp setup fee which have ridiculous even with platinum membership.Basic standard structure they suggest to take advantage of multiple deductions can be easily achieved by proper education or work with a good firm like https://wcginc.com who is local to you.A umbrella C-crop to manage all other LLC properties and take advantage of many tax deductions that are not available with a llc, its also used to take losses up to 100K as startup expenses and dissolve the entity after few years.Few LLC entities for investing in Real Estate, etc preferably in Wyoming or Nevada ( you can find many companies online who can do this for $150 compared to anderson $1500-$3000) , they will claim they have a secret Operating agreement which is bogus.They certainly try to take advantage of tax loopholes and claim to be smart people, my view they are just taking advantage of numbers as per their own statements.
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23 January 2025 | 52 replies
I would allow for differences of opinions that are amicable, and even sometimes heated, as long as names and profanities aren't used.
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18 January 2025 | 17 replies
Thankfully for us, we are seeing a lot more accidental landlords who aren't able to sell at the price they want and want to rent for a year or two until the market turns around.
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22 January 2025 | 9 replies
Even if you aren't into creative finance, stay away from rough neighborhoods.
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18 February 2025 | 148 replies
Some tenants aren’t happy.
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20 January 2025 | 2 replies
I am using this time to educate myself while saving up for my first property.
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23 January 2025 | 23 replies
Short term is always tough but not impossible at all especially with the high level of education and good hospitals in MA.
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20 January 2025 | 14 replies
it looks like you have found out - correctly - that the vast, vast majority of properties for sale aren't good deals from an investment perspective.
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25 January 2025 | 155 replies
Probably less time spent too and more educated borrowers over a wholesaler.YUP ..