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15 February 2024 | 10 replies
This has left me with about ~$80K real net worth mostly in weighted index funds and money market funds.
13 February 2024 | 6 replies
I think debt is good if your goal is to scale and grow your wealth.if you will own your personal residence and as a result just be responsible for real estate taxes, insurance and upkeep, your living costs will potentially be low and you don't need much leverage or a bunch of properties to support your lifestyle.If I were you, I would sell the wedding business since it likely is time comsuming since its an actual business.I would not pay off the two other properties since the rate is low.
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13 February 2024 | 16 replies
Realize that 90% of your friends and family will also want a deal and probably think you are rich for owning a vacation home and do not understand that you most likely have a mortgage and bills and upkeep on said vacation home.
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13 February 2024 | 37 replies
I have been leaning more Montgomery because of the military base and would like to rent to military with the better up keep and responsibilities they have.
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10 February 2024 | 4 replies
My property operates within an HOA, recently HOA has been getting on our case for re-seeding/up-keeping the front lawn.As with most of CO, grass tends to die over winter, so here is my question: What is the best method to up-keep, re-seed and re-develop the front lawn?
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12 February 2024 | 60 replies
A home is going to require minimum $300/month in upkeep costs no matter what (closer to $500 minimum in my experience, $5k-10k per year is what I have averaged in expenses on my SFR's over the past 15-20 years).
12 February 2024 | 13 replies
Compare the rental revenue to the costs associated with the property, such as taxes, upkeep, and administration.
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12 February 2024 | 11 replies
If they specialize in REI and are good at what they do, they are worth their weight in gold.
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12 February 2024 | 20 replies
That said, you have to weight the pros and cons of each system.
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10 February 2024 | 0 replies
I have some ideas (visa requirements, acreage, zoning (what it allows for), a section for expenses/upkeep, the amount that everything put together breaks down to depending on the number of people buying into it) but hoping for more specifics on the actual property analysis/numbers side of it since I don’t really have much experience and would need to be able to explain it to someone to help me create the sheet.