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16 December 2024 | 6 replies
Looking forward to learning from you all and of course becoming a millionaire real estate mogul and eventually President of the Universe.Welcome Chris: I’ve been a landlord for over 25 years now and I know some good local resources I use to make life easier too!
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23 December 2024 | 24 replies
Do that every 2+ years, sell tax free, repeat, and you can be set for life ("live in flips").
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14 December 2024 | 2 replies
Partnering with a wholesaler sounds fine, but check the real estate licensing laws in your state before bringing a buyer for a commission.You might consider getting your real estate agent's license and legitimately earn what your skills, drive, and experience truly command. exactly wholesaling or bird dogging is not a life time or long time occupation RE sales can be lifetime and if your any good at it at about year 10 you should be getting all your sales from referrals and such.
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18 December 2024 | 4 replies
If you're considering just "winging it" please watch Pacific Heights starring Michael Keaton so you can get an idea of what life will be like inside the same building as rent control tenants whose rent control you are trying to terminate.
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21 December 2024 | 20 replies
I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).
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13 December 2024 | 11 replies
It can sometimes happen even shortly after buying a unit - life forces change sometimes.
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11 December 2024 | 2 replies
The typical clients that seek out cost segregation studies include:Real estate companies that buy and sell multiple properties each year.Individuals with a portfolio containing investment properties including apartment buildings, multi-family homes and even single residences.Franchise owners with properties that are similar to one another such as assisted living facilities, storage facilities and golf courses.Business owners of hotels, food facilities, shopping centers, restaurants or manufacturing plants.It depends on the type of property, but generally 15-45% of the building’s costs can be classified into assets with a shorter life.
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16 December 2024 | 5 replies
That being said, life happens, and the mortgage police are not going to come looking for you if something unexpected happens and you have to move out of the house before one year.
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14 December 2024 | 6 replies
Quote from @Karl Kauper: The tenant should figure his own life out.
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23 December 2024 | 12 replies
I'm with you...I'm waaaaay over all of the "10 tricks" "10 life hacks" "10 best...." articles out there.