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1 February 2025 | 11 replies
If you don’t mind sharing, how much did you have to invest in your first property?
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27 January 2025 | 2 replies
My coach suggested (and I implemented) a "must do tracker"....it's a color coded spreadsheet (I like to print multiple copies and keep them on a clipboard to stay in my sight/top of mind).
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30 January 2025 | 13 replies
Turnover costs can be frustrating, but they’re worth it for the peace of mind that comes with having quality tenants—tenants who pay on time and don’t bring the daily stress of dealing with bad renters.If you keep these tenants, they’ll likely cause more damage, knowing they can get away with it.
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31 January 2025 | 10 replies
It's important to keep in mind that everyone you hire is providing you a service - no one is guaranteeing you any outcome.
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28 January 2025 | 4 replies
Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.
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25 January 2025 | 26 replies
I wouldn’t come up and say I am new in the business but if someone ask me I’ll be honest, that may work for some, but not others, it who cares anyways, you won’t get everyone, you want those that will want to do business with you.I will also reiterate that even if you are brand new and some ask you, turn around to a positive, if they say “but so and so has been in the business 20 years and have done many transactions blah blah blah” you can turn it around “you know mr and mrs seller, that is a great agent with a great track record, but don’t mind my asking, they are doing so many deals a month and so and so a year, how much time do you think they would dedicate to your home?”
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26 February 2025 | 19 replies
Keep in mind that once you drop down in population there are issues with finding quality property management and as well as securing quality tenants.
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18 February 2025 | 17 replies
If you don't mind, post a link to your place.
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27 January 2025 | 29 replies
Many coaching programs include group sessions, masterminds, or events where you can connect with other like-minded investors.
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2 February 2025 | 13 replies
@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.