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24 January 2025 | 7 replies
BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.
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26 January 2025 | 15 replies
I have one single family rental now.
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2 February 2025 | 14 replies
Not for a single airbnb like you are seeking (you and everyone else) but because if you start a BNB or a guest house or a hotel, you can get 40% of your investment back in the form of a tax CREDIT that you can sell for about 90 cents on the dollar.
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16 February 2025 | 71 replies
That is the reason why you will see DSTs commonly invest in single tenant assets where a long term lease is in place with an extremely stable tenant.
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26 February 2025 | 8 replies
Biggest challenges: ...everything haha, even if you're a quick learner and can adapt on the fly building a book of business takes a lot of time and effort (still working on it).
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13 February 2025 | 17 replies
But if it's someone famous it makes it even a harder no because you clearly can afford it.
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27 February 2025 | 4 replies
Although many investors never get started due to analysis paralysis, considering that even the most experienced investors have had a deal or two go south, I wonder how many investors also end up never finding success because of a mistake on their first deal.
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27 February 2025 | 7 replies
Quote from @Amy Konopka: Quote from @Michael Plaks: @Amy KonopkaImpossible to give you an accurate answer without reviewing your tax return, so this reply is based on assumptions picked from your description.If your only taxable income comes from this Schedule C, I do not know how you would qualify for any loan anyway, even with a ~$20k profit after adding back depreciation.
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25 February 2025 | 4 replies
design one for yourself. think about your market. like in columbus we have infill lots at 30x120 and so we developed and designed a house for ourselves. we build the same house and continue to Make modifications. it's the only new build we offer to build for clients. that's just my opinion. architects we didn't even use we looked at national builder Floorplans and decided. our typical lot is 3000-4000 square feet that we build on
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6 February 2025 | 4 replies
Study what kind of properties sell, for how much, and what kind of tenants live there.Think with a 10year+ vision, but a decently sound property (not a 1900 single family conversion that is begging for a full gut rehab), and but in the RIGHT location.