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14 December 2024 | 22 replies
The ones I manage total to 20 bedrooms.These rooms rent for between $125 to $225 per week depending on room size and amenities in the room (beyond basic amenities may include: Desk, Tv, private entry, tenant controlled AC, additional storage).This month after padsplit takes their 14.25% cut of the revenue I am recieving, from the units I own, $15,230 from 3 homes.
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19 December 2024 | 6 replies
Since you know who you want to serve, try to tailor your listing to make it easy for them to say, "yes".General advice: MTRs are attactive to a lot of people because of the increased cash flow, but it's the appreciation over time that really generates wealth in real estate.
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14 December 2024 | 0 replies
It wasn’t just about the property—it was about the lessons she was teaching her kids along the way.During the drive, she shared valuable insights with them:• How real estate can generate income.• Why patience and hard work are critical to success.• How to think creatively about building wealth.Once at the property, the kids explored, asked questions, and saw firsthand how opportunities are created through smart investing.Involving children in real estate teaches them:• Financial literacy in a hands-on way.• Entrepreneurial thinking and problem-solving skills.• The confidence to believe they can achieve financial independence.It’s amazing how small moments like these can inspire the next generation to think bigger and dream bolder.How are you involving your family in your real estate journey?
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16 December 2024 | 1 reply
I was determined and wanted something that I could sustain for the long term for my family's livelihood and control the effort I put in and the results I got from that effort.I specialize in sourcing properties for fix and flip investors nationwide (wholesaling, but with real-world experience and closed profitable deals for myself and my investor partners) with a roadmap to acquire rental properties as finances permit.A lot of our deals are currently coming through organic search as I have a background in substantial traffic generation through search engine optimization and organic means.
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20 December 2024 | 8 replies
Let’s say that the sale generates $300k profit for simplicity.
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12 December 2024 | 10 replies
I’m hoping to not build until I acquire more revenue from profits of the plot via flea market, parking, boat parking, or something else that requires minimal investment.
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12 December 2024 | 2 replies
Accounting System with "Control" ChecksSoftware to manage revenues, expenses, payroll, and taxes, etc., and ability to verify receipts and transactions (the verification is done by upper management to check and validate the revenues and expenses)4.
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5 January 2025 | 12 replies
A $12.5k mortgage is quite steep and ties up a lot of capital in a primary residence, while renting offers flexibility and allows more of your liquid assets to work toward generating wealth.
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11 December 2024 | 34 replies
Quote from @Issa Joseph: I DIDNT GET IT LOL for now my business plan doesn't support this purchase but an extra 10k per unit per year profit is significant growth in revenue But ask yourself - how much of this $10k increase (remember alleged) could you gain yourself by doing research and asking questions on this forum.......?
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21 December 2024 | 14 replies
As long as the property generates enough cash flow, you may qualify based on the asset alone.Another route is to explore portfolio loans from local banks or credit unions.