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29 November 2024 | 1 reply
But I can't help but think that I could benefit from the occasional discussion about real estate strategies or bounce opportunities off one another.Coach Carson's RPM program details below:Cost: ~$2500/yearBenefits (form Website):Personalized Coaching: Members receive direct support and feedback from Coach Carson and selected coaches, including monthly group coaching sessions, one-on-one "hot seat" calls, and small group coaching within Action Teams.Action Teams: These are accountability groups of 8-10 members that meet weekly over a three-month period to set and achieve goals, fostering perseverance and resilience among participants.Comprehensive Resources: Members have access to a repository of documents, systems, checklists, and more in the community swipe file, including tenant screening criteria, due diligence checklists, and rental analysis spreadsheets.Exclusive Community: RPM offers a private community of like-minded investors who prioritize time and freedom over scaling rapidly, providing a supportive environment for shared learning and growth.The Group Targets:Investors with experience owning 1 to 8+ properties, whether short-term (e.g., Airbnb), mid-term, or long-term rentals.Individuals who are coachable, hardworking, and value time and freedom over aggressive scaling.
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2 December 2024 | 14 replies
Very difficult to operate low income housing through 3rd party management, especially over an extended period of time.
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5 December 2024 | 34 replies
They would fix my $100 for the next 18 months as a grace period so I have time to put the tax credit money "back in" the full cost of the panels.
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4 December 2024 | 37 replies
I read the law, discussed with the attorney and they have no RE license period.
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6 December 2024 | 21 replies
One could argue that they are worse now because I know the realistic stabilization period that it takes before a property is no longer a cash vacuum.
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29 November 2024 | 1 reply
My experience, ability to deliver above satisfactory results at an exceptional period of time brought a much appreciated and high value to the deal.
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30 November 2024 | 4 replies
Here’s what I do with my rentals:I either have tenants split the utility bills or include a clause in the lease that states if the gas or water bill exceeds a specific amount ($X), the tenant will be responsible for the overage, provided there are no leaks or other infrastructure issues contributing to the high usage.To determine this $X amount:Water: I take the highest water bill I’ve had over the past year (excluding periods where leaks occurred) and add about $15 to account for small fluctuations or potential increases.Gas: For gas, I calculate the median bill during the winter (when usage is highest) and the median bill in the summer (when usage is typically lowest).
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7 December 2024 | 150 replies
And the time period of the investment is quite a bit of time -- often 2-10 years.
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4 December 2024 | 31 replies
You can use the 70k to do this all over again over another 6mo period.
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14 December 2024 | 101 replies
I read the RDPD books, which I thought were OK, and I played the Cashflow board game about 50 times (mostly Cashflow 101) over a 4-year period back in the 2000s.