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10 December 2024 | 11 replies
@Sherry TsaiIf you choose to self manage, it would be the one closest to where you live.
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10 December 2024 | 7 replies
If you go too low I would either recommend self managing or liquidate it.
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19 December 2024 | 82 replies
Or keep building and retire your self sooner.
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11 December 2024 | 0 replies
For those managing active income streams—like wholesaling, flipping, or even running a real estate business—filing as an S-Corp can significantly reduce self-employment taxes.
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16 December 2024 | 18 replies
They also each get a roll of toilet paper and are expected to self re-stock.
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9 December 2024 | 1 reply
Plan was to do self storage; then found out the creek that sits a ways back flooded 5 years ago, not in a floodzone but all the locals know so self storage is a tough sell at this point.
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9 December 2024 | 2 replies
You only get paid enough to continue.3) You don't need a dozen self-help books, all you need is action and self-discipline.4) YouTube University, podcasts, and the internet will only take you so far. 5) Book smarts make interesting conversation, street smarts make money.6) Find someone who is successful doing what you want to be doing and ask questions.
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13 December 2024 | 35 replies
@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.
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10 December 2024 | 8 replies
Here are the numbers:Purchase price: 300k @5.5% (might be able to negotiate new exterior paint job credit)Monthly costs: mortgage- 1703 tax-245 (2933/yr) insurance- 167Market rents are 1600$ easy for both sides as is but currently being rented at 1410 and 1325 tenets pay all utilities (separately metered)Planning on putting aside 20% of rents for Maint, vacancy, capex and will be self managing property.
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11 December 2024 | 7 replies
Like others in the post, interest income is portfolio income.What you can do is invest a self directed IRA/roth and put this money into notes.