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23 April 2024 | 7 replies
I would VERY HIGHLY RECOMMEND to NEVER own anything in your management company LLC.
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22 April 2024 | 15 replies
A structured installment sale is a highly beneficial tool when looking to exit an property (investment or otherwise) because it'll lower your taxable income and is customizable.
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23 April 2024 | 9 replies
The triplex technically still has cashflow at the moment so I think I would be aggressive on the duplex then look at cash for keys in the triplex and get that done in one fell swoop. 3) Renting and Managing - While not the most expensive areas overall, there is demand in these areas from people paying at or above the top range I listed for high quality units.
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22 April 2024 | 4 replies
Materials and labor is high right now so we aren't doing much fix and rents or BRRRRs since rates to refinance are high.
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23 April 2024 | 16 replies
So the options are: You are a GC and are self managing, you are hiring a GC to manage, You are self managing and hiring your own subs, you are managing and actually performing the work.2) As far as municipal inspections go, you always need to pull a general work permit per se if you are going to be demoing and then doing an interior finish.
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22 April 2024 | 5 replies
Cities in the Midwest, Great Lakes, and South are gaining attention for their stable local economies and promising home value growth.Buffalo, New York: A Model of Stability:Topping the list is Buffalo, New York, recognized for the steadiness of its home prices and a recent surge in job opportunities relative to new home constructions.Cincinnati's Rapid Home Sales:Cincinnati stands out for its exceptionally fast home sales, with properties going pending in just five to six days for most of 2023, indicating a high demand in the market.New regions take the lead in the housing market.
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22 April 2024 | 1 reply
I tell our customers all of the time, when you're steadily pursuing highly distressed leads with this criteria it's not a question of if, but how often you will contact the heir to a property who either didn't realized they owned, or they though the property had already been auctioned off by the bank or county.
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21 April 2024 | 9 replies
By calculating this, you temper your ability to perform and are able to recognize viable opportunities.
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23 April 2024 | 27 replies
Again, you won't find "low hanging fruit" but deals are out there.Since you mentioned that you are getting started, I highly suggest you house-hack (this is how I got started in Costa Mesa, Orange County).
20 April 2024 | 9 replies
High income W-2 ($400k+) earner and would like to keep my job.2.