
17 February 2024 | 3 replies
Will that revenue be divided evenly among the 7+ potential streams listed here?

25 February 2024 | 13 replies
get an umbrella policy to protect yourself, see if you need a rental license in your municipality. an LLC is only for insulating you for liability and anonymity, it will not save you on taxes and you really dont need to worry about it with one property imo . you cant protect a single property from lawsuit, insurance is what covers you just make sure you’re up to code. insurance will always look for a way to get out of covering an incident.if you register, you’ll want to report the income. if you make less than expected after deducting costs, then it’s time to raise rent. you wont be able to reduce more to reduce other income streams since you're not a full time real estate investorin the future if you ever sell, because it’s a rental now you will owe capital gains on the property. philly is probably like ohio and not california with it’s YoY growth being tied to inflation. with that said your profit is mainly going to be the equity you build from your tenant paying your mortgage. the money earned monthly should be saved as youre doing in case you have a capex repair/replacement come in like HVAC, roofing, etci advise you pay for an hour to speak to a CPA to better your options.good luck

29 October 2016 | 94 replies
I guess what i'm saying is; instead of spending years accumulating cash for a purchase in order to avoid debt, it is probably better to spend a lot less time and money to create a cash flow stream earlier.

22 February 2024 | 9 replies
And for brand value I'd argue there is no "nike" of PMc, so many can fluff the feathers and cluck how great there brand value is but I say show me the client stream coming purely from brand, I call BS to that "cluck", and say it's open air and opportunity for any to create brand value in a market and take market share where there is any lacking options in PMc quality or availability.

25 October 2022 | 15 replies
Just still don't let your tenants piss off the neighbors.Well, what I love about the strategy is that you do get some of the benefits seen in MF, such as economies of scale & multiple streams of income.

14 March 2008 | 5 replies
Either the property as it is can produce a positive stream of income after expenses (NOI) or the property can be converted into something else which will produce that income.This means that there is no appreciation from the general demand of owner occupants.
24 August 2018 | 2 replies
My current plan for a couple rentals I've picked up over the years is to have them paid off by the time I'm around 60 years old, and have it be a supplemental revenue stream in retirement.

13 August 2021 | 20 replies
Even if you are out of town, many of the REIA and meetup events are streamed.

27 February 2024 | 1 reply
There are other revenue streams we could add if we acquired a food and beverage license, sold merchandise, adding events during week (corp events), etc. in addition to the nightly rentals of the owner's cabin.

27 February 2024 | 13 replies
I understand some realtors might not want to spend time digging up things for investors, but the OP asked what investors look for, so I provided my view of the world.The auto-collectors for filtering property close to useless - it doesn't help me to get streams of listings from some realtors that I can easily find myself through all the aggregating sites.