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2 June 2024 | 10 replies
With that, (and regarding your Question #2) I think your expense line items and numbers will run very similar to what can be found in this BP blog: https://www.biggerpockets.com/member-blogs/3915/27972-analyzing-the-financials-of-a-self-storage-facilityYou'll have larger units, which typically means longer length of stay and lower turnover so your management/payroll expense could be lower.
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2 June 2024 | 3 replies
Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.
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31 May 2024 | 25 replies
I'm determined to achieve financial freedom and live the life I always dreamed of.Let's talk numbers, shall we?
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2 June 2024 | 10 replies
@Greg HodgesHave not invested but just make sure you understand your risks of secured vs unsecured as honestly tired of listening people complain about getting screwed when they invest in unsecured debt and are like “oh I didn’t know”…. https://www.sec.gov/Archives/edgar/data/1831623/000117152023000262/eps10909.htmThe Notes are unsecured and holders of the Notes do not have a security interest in the real estate loans or the proceeds of the real estate loans.
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31 May 2024 | 1 reply
Getting a license to become a loan officer seems to be a great entry point to enter the industry while I build up my real estate network from scratch.
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31 May 2024 | 149 replies
As we did our financial planning she needed comfort.
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31 May 2024 | 8 replies
Welcome to the realm of real estate and expanding your financial horizons.
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31 May 2024 | 111 replies
My parents really had zero financial literacy.
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2 June 2024 | 2 replies
The lot is already split but my loan is for both lots together.
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1 June 2024 | 4 replies
Our over all objective is to hold the house for equity growth and future financial freedom, but is it worth potentially just breaking even or having a small monthly expense to keep the homes?