
16 February 2025 | 5 replies
I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

14 February 2025 | 5 replies
Quote from @Nadeem Alamgir: Hey Brandon, those hiccups sound pretty normal, especially with an older property.

12 February 2025 | 2 replies
It's totally normal for it to take some time, often about a month or so.

11 February 2025 | 13 replies
@Lucas DeAndradeWith the investors I work with they are normally acquiring and average of 4 properties.

19 February 2025 | 11 replies
And you need to be sure they are a good fit with your lifestyle.

21 February 2025 | 7 replies
In this case, correct, 1031 exchange is not available. 1031 exchange is property for property, and an interest in a partnership normally is not (with a few rare exceptions, so you may want someone knowledgeable to give you a second opinion for your particular situation, which requires reading your inheritance documents.)Whether or not you have any mitigation strategies totally depends on your specific situation and requires a one-on-one.

17 February 2025 | 22 replies
Benjamin mentioned business valuation tools, and speaking with a business broker or a commercial lender could give you insight into ways to use your business’s value to invest without walking away from a strong income source.Investment Strategy That Matches Your Lifestyle – Since you don’t want something people-intensive, traditional property management or hands-on flipping is off the table.

11 February 2025 | 31 replies
We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

21 February 2025 | 6 replies
Agent sales fees, number three, which are normally a percentage of the ARV, are similarly trivial.

4 February 2025 | 7 replies
I am just a guy who tends to give illegal advice, I guess.And finally, folks need to be aware that while many travelers pick the nomadic lifestyle for some of the awesome reasons: travel, excitement, variety, some pick it to try and increase their income to a level where they can earn their way out of terrible financial situations or decision making.