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7 March 2024 | 9 replies
I found a niche market for a STR and found a house last year for sale (75k) I put (20k) into it and just got it appraised at (165k) ( AWESOME!)
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7 March 2024 | 18 replies
However, considering the last two years' market changes and the increased saturation, I'm curious about your recent experiences.
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5 March 2024 | 10 replies
You want an accountant that 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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8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
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6 March 2024 | 1 reply
So, now I have come full circle and am back in real estate investing.Current focus is LP investing (invested in first deal last month) and am looking to do 3 to 4 LP investments per year.I am very knowledge on both the LP and GP side of syndications.Goal for BP is to just add value and catch up on what I've missed over the past three years!
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6 March 2024 | 46 replies
I passed this property online last week and it definitely caught my eye.
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7 March 2024 | 35 replies
Prior, most syndications were structured as a Tenant In Common (TIC) structure for the 1031 exchange investor.As a result, many of the active DST players are either reinvented from the ashes of that crisis, or entirely new.There are some inherent (unanimous voting by all members to make any decisions) reasons why the TIC was replaced by DSTs, but I’ll save you the history lesson.The most useful lesson coming out of the last recession (and I share your perspective on the cyclical pattern coming around the corner ahead) is how different asset classes faired.You can get that data from public filings from REITs, who have to report far more data and intel than OTC private placement investments.Fast forward to the COVID crisis.
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4 March 2024 | 0 replies
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $79,999
Cash invested: $15,000
First purchased as a house hack.
Now it's strictly rental since I moved.
...
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9 March 2024 | 89 replies
My wife just quit her w-2 last year which is 15 years in the business.
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6 March 2024 | 10 replies
Also switch out the last and second to last picture on your listing often.