Andrew Cobb
Co signers
23 October 2024 | 3 replies
If you can find people that are that stupid, to be a co-signor on anything, more power to you.
Priscilla Chin
Should I buy in NYC or Florida?
30 October 2024 | 21 replies
Hands down the most powerful advantage you have is house hacking leveraging owner occupied loans. 400k property in FL will cost you $100K using 25% down
Ryan F.
Where Would You Invest ? Calgary, Edmonton, other ?
28 October 2024 | 14 replies
A 24x24 shell with no heat or insulation and 15 amp power can rent for $600 a month.
William Coet
Why Does the Big-Money Invest In Landlord Unfriendly Cities?
30 October 2024 | 35 replies
My tenant friendly market (San Diego) has long term housing shortage that the tenant friendly laws mostly act as a balance of power.
Frans Calderon
How to simplify your rental property management
23 October 2024 | 2 replies
It's a powerful and user-friendly tool that has made a huge difference for me.
Tony Thomas
Is there any benefit to starting my own property management company?
23 October 2024 | 7 replies
Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!
Sammy Lyon
Why would a seller pay a buyer’s agent??
25 October 2024 | 12 replies
With $175k, their buying power is now only $875,000 with 20% down.($175,000 / 20% = $875,000)Of course, the buyer can put less than 20% down and pay private mortgage insurance, but let’s say they really want to put 20% down.As a seller, you have now reduced the pool of buyers who can pay $1M for your home since the buyer needs to save more money to reach a $1M purchase price.So, would you rather make $875k and “save” money on commission, or make $975k and just pay their agent?
Gabriel Dent
House Hacking first time out of parents house
23 October 2024 | 7 replies
Pooling resources with others is one way to increase your buying power (and potential returns) and is something I am seeing more and more of in my day to day given the mutual tax benefits that can be shared and the high price to entry for housing rn.
Michael K Gallagher
BPCON thoughts and next actions
22 October 2024 | 2 replies
It was great meeting you at BPCON and I am so glad you are leaning into the power of this community to help you build your business.
Jonathan Greene
If You Never Want To Hear About Columbus In the Forums Again, Reply Here
20 October 2024 | 147 replies
Power trip in a forum?