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21 January 2025 | 20 replies
Just have $$ in savings
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29 January 2025 | 7 replies
I pay about $2500 a year for each of my partnership returns with my CPA regardless of whether it’s a $1M deal or a $5M deal.I would save the partnership conversation for if and when you are doing much bigger deals.
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27 January 2025 | 6 replies
The ultimate guide to building rapport and great relationships.
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23 January 2025 | 10 replies
If you don't intend to do that right away then do the 20% and save the extra cash flow.
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23 January 2025 | 5 replies
Many opt for other investing methods in their SDIRA like private lending, crypto, private equity...anything except collectibles and life insurance.Note that a Solo 401k is exempt from UBIT on leveraged real estate so if you have self employment activity and no full time employees save for you and your spouse you should consider the Solo K as an option.
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29 January 2025 | 24 replies
To qualify for a loan, focus on having a credit score of at least 620 (or 580 for FHA loans), keeping your total monthly debt under 43% of your income, and saving enough for a down payment and closing costs—about 5-10% of the home's price in total.
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8 January 2025 | 10 replies
If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.
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21 January 2025 | 4 replies
This will save you time and effort, as you won’t have to travel long distances to manage different properties or handle tenant issues.For your first investment, I suggest starting with 2-4 unit properties.
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22 January 2025 | 10 replies
At 6% I’ve only saved $360k, but you would have saved $720k, an extra $72k/yr.
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30 January 2025 | 62 replies
That mirrors my experience too - our Hispanic contractors know exactly what the market rates are and they may be a touch below but not considerable - what you are getting these days is a faster, tighter job, not huge cost savings.