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29 March 2024 | 12 replies
Most financially independent, wealthy people get there through hard work, sacrifice, and time.Spend 2-3 months learning how to analyze properties, cut expenses, increase income, and save up as though your life depended on it.
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29 March 2024 | 7 replies
This is not a means for you to invest in real estate personally, and you cannot personally benefit such as by keeping the income yourself.
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2 April 2024 | 26 replies
But even if there is, then I have to learn to plow through that fear and keep investing in good income producing diversified assets.
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30 March 2024 | 10 replies
The tricky one is the rent to income ratio and how it is related to the median family income.I did note that at lease one other poster was advised to always use the low barrier screening criteria to avoid potential lawsuits.
30 March 2024 | 0 replies
By investing, further savings are acquired by being able to reduce one’s taxable income.
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31 March 2024 | 29 replies
I have seen management fees vary from 10% to 35% of gross rental income.
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29 March 2024 | 12 replies
Prioritize constructing long-term wealth, striking a balance between immediate rewards and long-term objectives to generate passive income and lasting wealth.
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30 March 2024 | 10 replies
The reason is since I am the owner of the LLC, it's income is reported in my personal taxes.
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31 March 2024 | 2 replies
Your 'Ability to buy' will change with your creativity, not only with your credit score or income.
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1 April 2024 | 39 replies
We got wind of it through one of our Broker contacts.. the issue for the land owner is he had taken roughly the same option payments yearly 150k And now with the option failing he was going to have to capture all that income as earned income and pay tax.. ( which of course he is kind of like a lottery winner the 150k a year was always gone in 10 months) So he was in a potential bad spot with IRS and we were able to step in and take over the option for the same terms.