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21 October 2021 | 5 replies
We still are learning how to maximize occupancy.
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22 October 2021 | 10 replies
Spend some time - find some mentors - buy a few coffees and get really comfortable that you know all of the hidden dangers to the investment you want to make and then, pull the trigger.
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22 October 2021 | 31 replies
If you’re not comfortable enforcing the lease it may help to hire a property manager and allow a new face to come in and lay down the law.
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22 October 2021 | 5 replies
All you'd have to do to build a comfortable income is buy one duplex every year for five years that repeated the soundness of the one you're considering now and you'd have a monthly cash flow of $6,000 with a robust savings for repair and maintenance.You'd also have somewhere in the neighborhood of a half-million-dollar net worth, and all this without considering other sources of income like a W-2 or working spouse.
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27 October 2021 | 13 replies
What is your comfort level on doing repairs?
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21 October 2021 | 7 replies
@Jacob Maes I know that some investors cash flow fine with condos in certain areas but it isn't something I'd be comfortable with because of all of the external factors that could be at play.
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25 October 2021 | 84 replies
At that point you get go back to marketable securities (retail garbage) and live pretty comfortably flying first class.For me its transitioning to stabilized lighter value add apartments as a LP (letting the young proven operators work for me) and NNN, and non correlated investments like infinite banking, life settlements, and IULs.
24 October 2021 | 8 replies
You'll appreciate the speed at which you develop by going outside your comfort zone.
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4 November 2021 | 16 replies
Texas has many, many community banks.You could also call a couple of the mobile home manufacturers, as if you were trying to buy a new unit, and ask them if they know what lenders in your state or region are comfortable lending on mobile homes?
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30 October 2021 | 45 replies
I know flipping is going to come with its own set of stressors, but I feel comfortable in that realm, because in my day job I basically do Fix & Flip projects but for commercial HVAC.