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31 January 2022 | 67 replies
The key to staying in the game, is to "know when to fold them", and to recognize that time ASAP.For this discussion, if it was me, I would sell immediately if not sooner, take the very limited loss, retain the money available for rehab, and use it on the next property.
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3 November 2023 | 6 replies
Your emphasis on the importance of thoroughly probing to ensure the PMC being interviewed has a true understanding of their operations is well taken.Creating an alignment of expectations requires recognizing that property management is generally a low-margin business.
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10 November 2021 | 196 replies
We were thrilled that our hard work was recognized and we felt proud to deliver such a quality house to the lucky buyer.
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7 September 2019 | 10 replies
Also your definition of RE pro is different compared to what IRS recognizes.
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23 January 2023 | 11 replies
I recognize some people CAN'T get to a local meetup (I'm due with twins in June; I probably won't be able to get out as often as I used to).
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26 October 2023 | 15 replies
It can certainly feel intimidated to take on more and more debt, but the key is to break out of that headspace and recognize that your properties will pay for themselves (while the returns go in your pocket) and you will eventually flat-out own all of these appreciating assets.
30 April 2021 | 15 replies
There you can get older 3bed/1bath homes (1910-1940) for 55-90K that will probably rent for 500-800/month, but need some TLC to recognize as appreciation.
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27 March 2022 | 2 replies
At the minimum, rental property should be titled to an llc of the state the property resides in, not only to be legally recognized by local government to file evictions but also to containerize your liabilities (creditors of the llc coming after its members and vice versa creditors of the members coming after the llc).
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22 March 2023 | 11 replies
If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.
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15 December 2017 | 39 replies
I recognize Mint has a 'budgeting section' but as since I last checked it does not push users to proactively plan and decide what they want their money to do for them, and their budgeting tools are clunky and time consuming to use.