Good food for thought.

If your realtors find you a great flip, let them list it at 6% so that they can keep finding you great deals repeatedly, pay them for gas and food if you’re investing remotely and they check on the properties for you and take pictures for progress updates, etc. 

Hey All,Is someone able to highlight the main differences or challenges between financing an investment property with a conventional loan with W-2 income vs non W-2? 

https://www.har.com/content/de...Houston Real Estate Highlights in September, 2022:-Single-family home sales fell 17.0 percent year-over-year, the sixth consecutive decline of 2022 as the market continues toward a more normalized, pre-pandemic pace;-Despite the overall sales volume decline, the high end of the market flourished with the $500,000 to $1M housing segment establishing itself as the top-performing segment in September, up 12.6 percent year-over-year;-Days on Market (DOM) for single-family homes grew from 29 to 37 days;-Total property sales were down 17.0 percent with 9,387 units sold;-Total dollar volume was off 8.5 percent at $3.7 billion;-The single-family average price rose 11.6 percent to $414,776; -The single-family median price increased 14.7 percent to $343,950;-Single-family home months of inventory registered a 2.7-months supply, up from 1.7 months a year earlier.

Dj, setup and breakdown/clean up, food, guest leaving trash in random places, POOP ON WALLS (still trying to figure out how that happened) etc.When it is left up to the guest to manage it all that increases the chance of something happening.Most events/weddings have less people show up than planned for “IF” 30 people really is the accurate head count.Besides for a reception that small they should be able to find an actual venue for $1000 to $3000. 

These results highlight that forcing landlords to provide insurance to tenants against rent increases can ultimately be counterproductive.⁣⁣Please read this very interesting publication that looked at the removal of rent control in Alberta back in 1980: https://publications.gc.ca/...

If you start a food truck, would you condsider that investing?

You shouldn't give any equity, if this person is in your network they should just be doing this to help build you, if they are going to do some part of it where you can dump those issues on their plate while your plate has other issues then yeah split it fairly but it sounds like you are going to purchase the food, cook the food, plate the food, and all they will do is suggest where to get it, what recipe to use, and how to garnish it, all of which you can research on your own and learn from doing.At most, agree on a flat consultant fee, pay them that once or however often they help you connect or answer your questions and split the equity between the people who do the real work.

Hopefully that math helps highlight the reasoning why we use HML to BUY with the BRRRR method. 

.) $ 175.00 Gas $ 175.00 Home Supplies $ 150.00 Fast Food $ 112.00 Restaurants & Bars $ 100.00 Amusement/Entertainment $ 50.00 Car Maintainance/Carwash $ 50.00