5 March 2024 | 6 replies
An entry-level job at WalMart or McDonalds will easily earn them $2,000 a month, but they can't afford $360 a month?

5 March 2024 | 7 replies
So I'm a 22 year old investor just starting out I started flipping my first house this year and I plan on being finished with it in a month or two and I've been looking at how to invest my profits for the most return on investment, I'm leaning towards seller financing vacant properties and master lease options but I want to get another opinion, so if anyone has any suggestions I'd be glad to hear it.ps.
5 March 2024 | 3 replies
I calculated my recapture by reviewing depreciation claims on my previous tax returns, but I wasn't sure what to do about 2023 since we owned the property for almost the whole year (closing was mid-December). 1) Do I still claim depreciation in 2023 for the time we owned the property, even though the claims are on the same tax return as the sale?

6 March 2024 | 2 replies
Or do I put enough equity into the house, so I’m not getting a negative return?

6 March 2024 | 12 replies
When it comes to long-term rentals, enjoy stable income with minimal fuss, although the slower equity growth and lower returns are part of the package.

5 March 2024 | 5 replies
It's a good rule of thumb to follow mate.We always get caught up on the potential of a deal or business and don't focus on a "worst case" scenario.Experience has taught me to become a "Negative Nancy" first and evaluate the downside from a risk assessment standpoint.I would always get too carried away and am optimistic and easily influenced to believe in the best in people and ventures.Only to get my A$$ handed to me on a plate.Well not anymore... lol

5 March 2024 | 12 replies
I'm going to be a bit brutally honest here, but from a client's perspective, they don't want to work with an agent who needs the money because it's an obvious conflict with their interests, and they can easily work with someone who has actually purchased before vs someone who hasn't.
5 March 2024 | 7 replies
Research this carefully, set your goals beforehand.For instance, I needed to cover a debt service from my relinquished property, I wanted a DST with an experienced sponsor with a good reputation, and I wanted a 6% return.The return I was demanding eliminated much of what was out there.It was VERY easy to eliminate the many DST brokers out there.

6 March 2024 | 12 replies
Everyone has a different perception on the different asset classes.Just depends on how you where born and bread 🤷🏻Someone living in Beverly Hills would call my "B class" a "Z Class" lolI consider B class in Toledo to be as follows:1) Good infrastructure supporting home owner and tenant demand (Schools, colleges, hospitals, medical centers, larger employers, etc...)2) Employed tenants that are sophisticated enough to pay rent online.3) Well kept yards, no bordered up homes, pride of ownership in the community.4) Mix of home owners and investor owned (Leaning more toward home owners)5) Lower crime rates and some upside potential from an appreciation standpoint.6) Entry sub $100,000 with 8-10% net returns on cash investments.Every market has different numbers and cashflow expectations Much success

5 March 2024 | 6 replies
The return diminishes beyond that for a flip (profit) or rental (higher rent).