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3 July 2024 | 5 replies
Since I joined BP in 2014 (wow 10 years) My net worth has 10X.
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3 July 2024 | 1 reply
A smoother process can also be achieved by cultivating a positive connection with the local housing authority.
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4 July 2024 | 7 replies
Because in reality, by not hiring a property manager, and committing to doing the easier things myself--like unclogging a toilet / shower drain, fixing a light bulb, pest control, calling a plumber--I am committing to be on standby for many hours, which is a sacrifice of peace of mind / being able to leave town or take vacations--and I would like to know if it's worth it.
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3 July 2024 | 6 replies
We've managed to keep all of our accounting and bookkeeping in-house so I'd love to connect with more investors and to especially hear from those investors who are doing their own bookkeeping and accounting and any of your current struggles.
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3 July 2024 | 4 replies
Are there shifts in rental prices, vacancy rates, or investment strategies that are worth discussing?
3 July 2024 | 0 replies
Several years ago, even with high cash flow from a business, I felt fairly locked out of the places I wanted to purchase due to endlessly rising prices and rates that required constant underwriting revisions to the point where it wasn't worth the time expense.
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3 July 2024 | 40 replies
Can we connect?
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3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?
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3 July 2024 | 0 replies
It's gotten better over time for me to connect with buyers, earn their trust, and figure out what drives them.It's not enough to just talk about numbers in a negotiation; you also need to know what the seller is going through and what their top goals are.