2 May 2024 | 17 replies
Then you should have nothing to worry about.For many years now we have been telling investors to use their own expense deductions when calculating a return on investment.Our marketing team only quotes the “hard costs” as in - taxes, insurance and property management fees.We suggest discounting another 15% from the bottom line for maintenance and vacancy but I’d much prefer for everyone to OVERESTIMATE the expenses and UNDERESTIMATE the income using their own calculations.If the numbers work out then, the investment might be worth pursuing further.Classifying areas can sometimes get convoluted.Since I wasn’t born with a silver spoon in my mouth and consider myself a working class guy, my perception of B class might be someone’s of “Z class” lolMy advice to all is to visit town and see the areas for themselves.I’m confident they will be impressed.Especially if they have already toured other markets with similar price points to ours.Real estate is a rollercoaster of a ride and as much as we want to make it hands off/passive.
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26 April 2024 | 12 replies
You want an accountant who can help you strategize and who is responsive when you want to know the tax consequences of the decisions you are making throughout the year.Good luck in your search.
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30 April 2024 | 29 replies
I agree with other's advice about neutrals with pops of one or two colors.
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29 April 2024 | 4 replies
Looking for advice.
29 April 2024 | 3 replies
My advice is to not analyze the deal before worrying about how much you'd need.
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29 April 2024 | 9 replies
DTI is a common challenge that we all face, however, it sounds like you need a lender that is going to help you look at the overall situation and give advice as to the best course of action.
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26 April 2024 | 6 replies
-I'm open to anything (sell outright, BRRRR, seller financing, etc), but will not be able to be very hands-on with any construction.Any advice appreciated.
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1 May 2024 | 56 replies
Of course, this is non-legal advice. :-) I recall anecdotally this being pursued as a pedofile/recording children in their bathing suits thing ...
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26 April 2024 | 10 replies
Hey fellow investors,I wanted to reach out to the community for some advice on a potential real estate investment strategy I've been considering.To give you a bit of background, I currently reside in Southern California and am eager to dive into the world of real estate investing to secure a financial foundation for my retirement.
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26 April 2024 | 1 reply
Good morning everyone, My wife and I are trying to figure out if there is a more strategic way of purchasing my father in law's house with also giving him the capital to purchase his retirement home.