Jerri Diaz
New Investor Strategies
20 March 2024 | 16 replies
It allows you to put less down, learn all about real estate while living in the property, and potentially reduce your living expenses.There are different ways to house hack as well, so if you're interested in becoming a landlord, you could try buying a 3 family (for example) and see if you like it.
Uzziel Cortez
New investor looking into Out of State LTR strategy + tips
19 March 2024 | 11 replies
Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
Alyson Anderson
A Tale of Tenants and Triumphs
19 March 2024 | 0 replies
I love projects where I can make a real difference, and this was it.
Randall Cornelison
Rubbing my chin . . . contemplating a new course . . .
18 March 2024 | 10 replies
Hypothetically, I could sell all my rentals and put the equity into something different, such as an RV Park/storage, self-storage, mulit-family, mid-term rentals . . .Bottom line, I would love any advice anyone has to offer.
Mitrah Rasti
Title Change withOUT Home Sale or Refi Possible in TX???
19 March 2024 | 16 replies
But TX law is different than what I am accustomed to, so it seems that filing that quitclaim would trigger the due on sale clause of our loan, which I do NOT want.
Alyson Anderson
A Tale of Tenants and Triumphs
19 March 2024 | 1 reply
I love projects where I can make a real difference, and this was it.
Kristina Jensen
Tax deduction when using Reward Points for travel
20 March 2024 | 19 replies
This seems easier with meals, hotels or rental cars where there is a per day cost that is easily calculated.Also, not to create an awkward situation, but it seems you both have a different take on whether the value of reward points are deductible (I spent ~21,000 points on Southwest and the ticket purchase would have been ~$250).
Account Closed
Some of The Biggest Mistakes Investors Make in Real Estate
19 March 2024 | 6 replies
Code Chapter 47 - Fraud And False Statements, which is a very boring read, unless it applies to you.Please don’t do that.Make sure your Proof of Funds source has the funds and that you are authorized to use those funds and the source will vouch for you in court.If you are going to buy “Turnkey” it is recommended you visit the actual neighborhood and actual house before closing.Things can be very different in person.Afterwards is too late.You may not like what you seeGo with the Math, not the emotions or hopes of the futureIf you are losing money with the hopes of making it up later, you should seriously reconsider.Wishful thinking is a poor investment.Interest rates are going upAnd interest rates are going down.And interest rates are remaining the same.There is no clear direction for rates and there are arguments for going each direction – buy so that your property cash flows, even if you are wrong.Ignoring your workers.Always serve your workers pizza on the job.It keeps them on-site so they don’t wander offThey will think you actually care and will work harderYou get to become “one of the boys” and they will tell you things you need to knowHmmm, out of space, but not out of mistakes.
Hayden Thomas
Flipping and wholesaling
19 March 2024 | 4 replies
Cover all closing cost and keep difference.
J Scott
J Scott - Author of Flipping/Estimating Book - Ask Me Anything!
19 March 2024 | 323 replies
Every location is going to be different.