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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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11 December 2024 | 2 replies
Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.
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19 December 2024 | 28 replies
We have lift pump systems in our lake house and zero issues.I would look on Amazon for soaps and shampoo's.
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12 December 2024 | 1 reply
Transparency is also key, along with a solid follow-up system that can make all the difference.
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11 December 2024 | 8 replies
just typed a whole long post to have the internet fail and lose it!]
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5 December 2024 | 34 replies
For SFH, I find it makes more sense if it's a location where Starlink is also best internet option.
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31 December 2024 | 418 replies
This wasn’t a failure (if it is a failure) because of purchasing at the top; the economy crashed; pandemic closing everything down; or a massive failure of the financial system.
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14 December 2024 | 6 replies
They can guide you on tax advantages, asset protection, and multi-state strategies.A HELOC is a smart way to leverage your equity—ensure your financing structure aligns with your long-term goals.Since you plan to add multiple properties annually, consider setting up bookkeeping and financial tracking systems early to streamline your operations.Best of luck with your BRRRR journey—it sounds like you’re off to a strong start!
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9 December 2024 | 0 replies
Utilities altogether is about $250 a month, internet is $90 a month for the 1T fiber (we want fast internet for 6 people), 5% vacancy, Lawn care $120 a month, Pest control $30 a month, and we do bi-weekly cleaning of the common area at $200 a month.
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16 December 2024 | 23 replies
As a first time out of state investor, I would not do a BRRRR to start until you build your contacts and systems there.