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29 May 2024 | 21 replies
If you want to find people who will try to help you lose your money, telling them how much money you have and where you will be is a good way to start.You are limiting yourself way too much by focusing on LA, but with $2 million to burn you could likely find some good cash flow if you are paying cash, but you don't sound like the management type just from this.
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29 May 2024 | 27 replies
He kept avoiding our requests and said we should claim it in our 2023 taxes instead… The last straw for us was when he tried to charge us another $7.5k to file our taxes which obviously ended our relationship instantly.
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29 May 2024 | 64 replies
But I also agree that there are some things you might want to pay to have someone else do so you don't end up burning yourself out.I've been doing this 9 years now?
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28 May 2024 | 17 replies
Instant cash flow investing as we have seen it in the 2010 years has been a historic anomalie.
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28 May 2024 | 68 replies
You're getting OJT right now, but you're about to get burned very badly in a very tenant friendly environment if you don't get the help you need WHILE you're learning.
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30 May 2024 | 93 replies
If you put $250k into stocks and when the stocks appreciate 50%, your equity increases by 50% minus taxes.1031 exchange: You can sell one income property, buy a replacement income property, and defer capital gains taxes.In many cases, depreciation alone will reduce or eliminate taxes on your rental income.Real Estate DisadvantagesLiquidity: There is no way to convert real estate to cash instantly like you can with stocks.Higher entry price point: You can buy stocks for a$5 or less.
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27 May 2024 | 19 replies
He got burned in that particular market as he said tenants were intentionally breaking things & abusing the system so as to get out of paying any rent.
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25 May 2024 | 7 replies
Granted the updated price has yet to sink in as those prices change on a second by second basis, but basically its how the stock market works just in real estate its not instant.
25 May 2024 | 4 replies
If you search these forums you will find countless syndication investors burned by paused redemptions, loss of most or all of their principal, investment promoters disappearing, etc.