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8 March 2024 | 31 replies
I have 200k in liquid cash (yes this was self earned thru 5yrs of sacrifices and hard work 12-16hr days 7days a week with maybe a month in the summers as break to see family back home, but i dont want to do this forever) My dad and I want to be partners going into these deals. there is a new construction 4plex i am looking to build which will be 775k that i will put 25% down (half me half my dad) which will cash flow net 2k /mo if i rent it out LT (COC of 11% which isnt bad and apparently my agent who recently worked on a neighboring new build said the appraisal after its built is mid/high 800s, also my plan is after 2yrs to REFI at lower rate). i am considering to have 2 of the units as MTR for local nurses or construction crews which of course can increase profits much more. i also have a 3acre property that i am thinking to build small 2bd 1ba cabins and use as STR/MTR/LTR. but i am also wanting to do do STR as i love the concept and have watched Robuilt everyday learning from him. i am looking to buy land in a mountain/ski town (189k 10acres) and build a beautiful aframe and use as a STR. all these property ideas are close by to me so i will have a close look on them and will manage myself. i have just been consuming knowledge endlessly the last 3months in preparation for this decision.but as you can see my head is all over and im unsure what the correct first step will be. i have many goals and visions of what i want to do i just need some help making a correct first decision on those who are far more experienced than me in this real estate space so i use my capital in the most efficient way. i understand real estate is long game and i have no issues with that but i would like to at a minimum cashflow 100k a month by the time im 30. this is a big goal but i have 8yrs to do this. thank you for your help i look forward to the responses(side note: i am not considering house hacking as i live with my family, this will possibly be an option in the future)
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7 March 2024 | 35 replies
Unless you specialize and invest a lot of experience and knowledge into STNLs, I think the risks are just too highly concentrated to dabble in that space.
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8 March 2024 | 77 replies
I agree with many others who have said they love the concept, but unless the data has a high degree of accuracy & integrity, it isn't worth the "paper" it's printed on.
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7 March 2024 | 8 replies
No info for me, but I don't use the task tool.Maybe it is due to low usage or high maintenance of the product.
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8 March 2024 | 6 replies
High is overrated.If you have any additional questions, reach out to me directly.Good Luck!
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7 March 2024 | 5 replies
To help in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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7 March 2024 | 5 replies
To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.
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7 March 2024 | 23 replies
I’m tired of the long hours and high pressure of what I do.
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7 March 2024 | 0 replies
. 🔫 AREA15 announces partnership with Lionsgate for a 12,000 sq ft John Wick Experience, immersing guests in a high-stakes adventure based on the popular movie franchise.
7 March 2024 | 6 replies
Hey @Mathew Mathew, To help you in your search: be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.