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2 January 2025 | 11 replies
The challenges in real estate teach you invaluable lessons that you might not gain otherwise.I also invest in Chicago, so I have a few thoughts in response to the questions you raised.
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16 January 2025 | 12 replies
So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.
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10 January 2025 | 12 replies
while i do think it's valuable to analyze properties, it's really difficult to underwrite based on photos.
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29 January 2025 | 27 replies
Those were very good areas a couple of years ago when people were less aware of Ocala but it's gained in popularity so it's become tougher to make the numbers work, but there are still deals to be had, especially for rentals.
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9 January 2025 | 3 replies
@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!
6 January 2025 | 1 reply
, the more likely people will respond with valuable insights.Network actively: Join local investor meetups, online forums (like BiggerPockets), and social media groups focused on real estate to start engaging in conversations.Be open to learning: Real estate investing is a dynamic field, and the more you learn, the more you'll realize there’s to know!
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17 January 2025 | 28 replies
What I find to be most valuable: Ease of use, cost-savings and efficiency and here's what I mean: If using an interior designer to furnish your rental, they will hand you a list of supplies + furniture to buy and what I was able to do with Minoan is upload that list as a CSV file and then they come back with a quote of all of the items they can fulfill along with their respective discount.
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7 January 2025 | 0 replies
Visit the property and learn about various renovation stages, gain insights from our experienced investors / speaker, and learn strategies for evaluating deals, managing budgets, and maximizing ROI.What to expect:Property walkthroughsReview before photos and discuss transformation plansDive into real deal numbers—costs, profits, and challengesNetworking with industry prosOpen Q&A session to ask anything about the process
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17 January 2025 | 23 replies
If you can prove this value and maintain high levels of communication - you will be a very valuable 'who' is someone's investing journey.
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11 January 2025 | 15 replies
They also are thinking of getting a different PM to manage it after they can gain back control but would like advice on doing so.