I'm already reading this book and I love it!

With that said, I love guaranteed rent.

Love the positivity!

I'd love to connect, I'm based here in the Ohio market. 

Most STR owners that I encounter love to brag about how much money they bring in, but then don't account for all their expenses and they certainly don't account for the cost of their time.

As for expanding, I'm 50 next year and I'd love to be able to retire in the next 5 years.I signed up for Tax-sale.info to see if I can find any bargains in single family homes etc.I prefer to buy and hold/rent rather than flip.

what’s up everyone  I have a question would love some advice my child hood friend mom selling her home it’s listed for 430k the area i also lived in for 25 years house located around the corner from me currently not in bad condition at all what strategy could I tackle this opportunity with to start my portfolio and start cash flowing building wealth for the future ?

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

Would love your brilliant insights!

What's not to LOVE about the group?