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2 October 2020 | 26 replies
Having a mentor will help you when looking for advice on deals and helping you choose investments that are smart, but It can't be one way.
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29 September 2020 | 1 reply
My original plan involved saving up 20 to 30k as I continue to learn and try to see if I can intern or something in that manner with a real estate agent or investor. I am 18 and I have hydrocephalus. I just recently h...
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25 October 2020 | 9 replies
If you budget for your wholesaler's (or other deal finder) estimate in that case, you'll have to choose between lowering your standards, or going over your budget that you planned.
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7 October 2021 | 4 replies
I am now in the process of applying for my license and choosing a broker.
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29 September 2020 | 4 replies
I like giving options for my tenant to choose from.
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8 October 2020 | 6 replies
The same principle will apply anywhere, but with less appreciation in, say, the Midwest, you'll be losing out on some of the sweet CA equity growth.I gotta say, choosing where to live is more than just an investment decision.
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4 October 2020 | 2 replies
Hi Jeremiah,Here are my answers to your questions:I don't necessarily prefer Section 8, but I am not against it either.I am in Eastern NC, from Greenville to Morehead City and everything in between.My plan is to hold for a long time, unless I am 1031 my lower cash flow into a multifamily.I choose to buy local to me, but some people buy across the country.I prefer to buy without a renter in place, but I have offers out right now that both have renters in place for the next 6 months.
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30 September 2020 | 4 replies
The only monthly bill my LLC doesn't pay for on my house is my monthly term installments for principal/interest/taxes.Since my house is held personally, if I choose to have the LLC burden the payment to the bank, I'd have to declare that as "rental income".
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30 September 2020 | 2 replies
His advice all boils down either to treating your employees and contractors like absolute garbage in the hopes that they give you a cheap price, or repeating really asinine, useless stuff like "when you have to choose between a high price and a low price for the same work, you choose the low price!"
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30 September 2020 | 13 replies
In our S-corp, the income goes into the S-Corp which we choose to make outsize retirement contributions (from my understanding that's OK as long as all employees get the same deal) instead of taking it as W-2 income from the S-corp.