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28 June 2024 | 100 replies
@Giles D.Lane I believe is a frequent contributor here on BP - I believe he changed the name of his company to the wealth elevator.
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27 June 2024 | 14 replies
@Jose Alejandro Hernandez I frequently work with investors in your same situation, their home markets just don't offer any great options, comparatively.
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25 June 2024 | 3 replies
The property has since increased 82% in value, we use it frequently as a family for vacations and weekend get aways, greatly minimized my RMD requirement, break even each year on my taxes, etc.
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27 June 2024 | 26 replies
I am buying the home for possible future relocation/frequent retirement visits, new residency/tax filing, and because my sister lives there.
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25 June 2024 | 10 replies
The HOA emails about break-ins frequently, despite a secure parking garage and enhanced security.
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25 June 2024 | 2 replies
Here are some considerations for commercial real estate:Higher Income Potential: Commercial properties often generate higher rental income compared to residential properties, especially in prime locations.Longer Leases: Commercial leases tend to be longer (5-10 years or more), providing more stable cash flow and less frequent turnover.Tenant Diversity: Depending on the property type, you can diversify your tenant base, spreading risk across multiple businesses or corporations.Market Dynamics: Commercial real estate can be more sensitive to economic cycles and local market conditions, requiring a deeper understanding of business trends and tenant industries.Purchasing: Generally, commercial real estate will require 20% down.Choosing Between the Two:When deciding between commercial and residential real estate, consider these factors:Investment Goals: Are you looking for steady rental income, long-term appreciation, or both?
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28 June 2024 | 21 replies
What tactics would you use with your spouse to get him or her interested in sharing a too-big house with nice people you choose that you may not even see frequently in order to pay a very low monthly net rent and maximize the ROI on your primary residence rehab?
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26 June 2024 | 22 replies
I like the idea of frequent accountability and the focus on imperfect action.
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24 June 2024 | 4 replies
This is considered a personal home - even though it has rental income, so you only have to have 3.5% down frequently, not the 20% down it takes to buy a true investment property.
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25 June 2024 | 18 replies
You might be better off flipping the contract if you find deals frequently but do not have the capital.