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20 December 2024 | 3 replies
The ground floor has gas hookups for a gas oven and that floor has its own gas range/oven and kitchen which is also controlled by a ground floor sub-panel also with access to the backyard and to a lower cellar area where they have their own washer dryer and storage area.
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16 December 2024 | 1 reply
I lived in this property for two years and have been renting it out and managing it remotely for the past 3+ years.
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31 December 2024 | 76 replies
I live 4 hours away from the properties so they're managed remotely, with cleaners, handymen, etc, and automated pricing strategy.
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19 December 2024 | 50 replies
Some potential liabilities can not be limited by use of remote entities.
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18 December 2024 | 4 replies
We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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19 December 2024 | 12 replies
A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.
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11 January 2025 | 420 replies
Ultimately controlling your spending and making extra principal payments is the way pay your mortgage off early.Also one final warning, you must state on the extra payment that it is "Principal Only" or the mortgage company will apply it towards interest and principal.
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15 December 2024 | 2 replies
I will be self-managing remotely (from NJ).
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19 December 2024 | 13 replies
I invest out of state in Pittsburgh from DC and self-manage everything, but it's taken me years to establish the right contacts, develop seamless processes etc. that allow me to handle everything remotely with confidence.
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17 December 2024 | 2 replies
The proposed $38.5 billion deal would combine two major players in the U.S. convenience store market, potentially controlling 20% of the market.7-Eleven, the largest U.S. convenience store chain with 12,601 locations, currently holds 14.5% of the market.