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9 February 2025 | 11 replies
So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.
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18 February 2025 | 4 replies
Personally if it is generating $110k cash flow whether before or after taxes, I would just sit in it.
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10 January 2025 | 2 replies
Hello everyone my name is Omar I’m 24 ,just recently came across wholesaling and I started doing some research on it and it seem like it’s the best option for me now to get my foot on the door and eventually start doing flips down the road. since I’m new to wholesaling and barely know anything about it what books, YouTube chancel, podcasts, even a course that might help me get on track and learn the fundamental of wholesaling.I always come across some type of strategy of real estate that I might consider to pursue but I never end up staying consistent and taking action but my goal is just to learn about wholesaling and find a way to take action now.
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17 February 2025 | 8 replies
Definitely a personal question.
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17 February 2025 | 6 replies
Personally I pay $300 commission to get the new tenant, 8% of rent collected, and $150 for renewals.
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4 February 2025 | 1 reply
I personally like the town of Oakhurst and the restrictions are less rigorous than Mariposa. 2.)
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17 February 2025 | 9 replies
@Travis Timmons thank your for sharing these details in your personal experience.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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13 February 2025 | 7 replies
A nice but expensive duplex on a beach or in an expensive area might be ideal, if you can swing the other half out of personal funds.
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7 February 2025 | 2 replies
Shadow/mentor a person doing it.