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3 May 2014 | 2 replies
You establish goals and objectives.Remember none of us would pay taxes if it wasn't for April15th.Paul
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29 March 2016 | 14 replies
You will be moving forward with real experience.The idea of leveraging up as much as possible is just gambling, it assumes we have more control over the myriad variables at play than we really do.
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2 February 2016 | 25 replies
If I am gambling with a 100% finance, I would not pay a dime, however, I can give you what you need to progress, a track record, experience, and a chance to earn on the next one.
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14 February 2016 | 7 replies
Set up the entity...Use it to get an EIN numberUse that to open a business accountTake the first few properties in your personal name and then hire the entity to do the work on itThat establishes an income trail for later.
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9 June 2016 | 8 replies
Escrow would have charged you for what he overpaid.Now you come along and establish a new property tax base of say $1,000,000 because of your purchase price.
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17 June 2016 | 10 replies
Not a bad plan.Also, you would have time to establish connections in a place that are invaluable.
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20 June 2016 | 14 replies
It is a great opportunity for someone looking to get in to an established business as its been profitable for 9+ years.
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20 June 2016 | 9 replies
But it's a bit of a gamble I suppose.I think another angle is to refinance multiple rentals into a portfolio loan (asset based loan), which I believe can be done using your LLC.
21 September 2014 | 8 replies
That includes a sign in the yard, listing on MLS, showing, screening and lease signing.The problem is you either go with the realtor 100% or you do it all yourself, there is no room for half and half.For example if you have your own screening rules and requirements, you can't ask the realtor to drop his/her established processes and forms and use yours.
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6 October 2014 | 6 replies
Although some here have mentioned that there is little cashflow in the DFW area my experience is that if you establish what your buying criteria is in order to make a property cashflow and you become very knowledgable about your "farm area" you can find the deals.