
24 September 2024 | 2 replies
You really do not want to add to an IRA that has a SEPP in place.An IRA holding real estate is treated no differently than an IRA holding other investments when it comes to this program - other than you needing to manage your liquidity requirements a bit differently to meet the distribution schedule.
23 September 2024 | 10 replies
How about "Beyond The Pro Forma" - Hidden expenses and revenues/opportunities as you operate/asset manage a property....

26 September 2024 | 13 replies
Fix & Flips are great but they are not as easy to get due to the amount of margin needed and the cost of the rehabs being higher.

24 September 2024 | 4 replies
Both of these avatars are very cost conscious.

24 September 2024 | 11 replies
you just want a plain, vanilla long term rental managed by a professional property manager.

25 September 2024 | 22 replies
Buy properties (in the path of progress) that need TLC and add value (rehab, raise rents, reduce costs, increase NOI).

24 September 2024 | 8 replies
This is something that is not covered enough and can cost a lot of money if certain laws are broken.

21 September 2024 | 19 replies
But ignoring the safety of your guests could cost you everything that you own.

24 September 2024 | 4 replies
(we created a construction rescue program as a result of this) We provide excellent incentives for our investors,including locking in long term debt at 3.75 % through our in-house financing program. 2 years free property management as well.

23 September 2024 | 6 replies
Key Principles:Mindset and Goals:Think Long-Term: Real estate is a long term play in most cases Set Clear Goals: Define your financial goals and how real estate fits into your overall plan.Finding the Right Property:Location, Location, Location: Invest in areas with strong economic fundamentals, good schools, and low crime rates.Cash Flow is King: Look for properties that generate positive cash flow (rental income exceeds expenses).Consider Appreciation: While cash flow is primary, also consider properties in areas with potential for long-term appreciation.Financing:Get Pre-Approved: Get pre-approved for a mortgage before you start looking at properties.Leverage Wisely: Use leverage (debt) to your advantage, but don't overextend yourself.Consider Creative Financing: Explore options like seller financing or partnerships.Building Your Team:Real Estate Agent: Find an experienced agent who specializes in investment properties.Property Manager: Consider hiring a property manager to handle day-to-day operations.Accountant: An accountant can help you with tax planning and financial management.Attorney: Consult an attorney for legal advice and contract reviews.Managing Your Investment:Maintain the Property: Keep your property in good condition to attract and retain quality tenants.Screen Tenants Carefully: Conduct thorough background checks on potential tenants.Review Your Finances Regularly: Track your income and expenses and make adjustments as needed.Example Action Steps:Set Your Goals: Define your financial goals and how real estate will help you achieve them.Educate Yourself: Read books and articles about real estate investing.