1 October 2013 | 10 replies
Constantly surrounding yourself with like-minded people is one of the best ways to insure that you're heading in the direction you want.
10 June 2015 | 15 replies
I'm asking because I live in an area with a major university, but looking at how myself and my friends were... i'm hesitant to target them as a potential tenant stream.
4 April 2015 | 39 replies
That way, if the market drops (every 10 years is the "norm") we can drop rents as needed - and we have dropped rents in the past.(3) We're firm believers in multiple streams of income.
6 September 2013 | 11 replies
There's no income stream.
9 September 2013 | 6 replies
When I was starting out I would constantly ask investors to lunch.
11 September 2013 | 6 replies
It will technically be my primary residence as I travel constantly for work.Does anyone foresee this being an issue?
9 September 2013 | 3 replies
To me, this seems too much as he constantly asks the same questions, and keeps wanting more information.
10 September 2013 | 4 replies
I can barely change a lightbulb without the wifes help.That said, I would like to create a passive income stream and I do have some funds available and also don't plan to leave my day job, to contribute towards that goal.
28 May 2014 | 12 replies
only you can figure that out for yourself.So, I'd say there are 5 ways:leveragetax advantages 'buying at the right price based on skilled, sound analysis'rehabbing/identifying 'best use'deal-making(wholesaling, bird dogging, note buying/selling)Some of these can be achieved passively:leverage + tax advantagesBut even those require the work up front to at least identify, analyze and purchase - and set up managementAnd of course: being your own PM, rehabbing project management(or hammer swinging), and all the deal-making options take constant investment of time.Deal-making is a non-starter for me, I can trade hours for dollars at a high rate in my regular business.Buying at the right price is not a skill I believe I have, I could learn it, and I read here a lot, but I am consistently surprised by how many things the experienced people on here point out that I would have missed or have never thought of.So that leaves me seeking leverage and tax advantages but frozen from buying due to my fear of becoming a 'learning example for ohters' by overpaying.So, like you, I suspect, I focus my efforts on my 'other business' and I keep my capital in the stock market.
20 September 2013 | 55 replies
I would say "constant or continual" repairs instead of excessive.Just my opinions..