4 December 2024 | 4 replies
It seems like it basically up to you to do the math on how much more you will potentially make selling each unit individually and then deciding if that extra $$$ is worth the number of extra hours you will spend.
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6 December 2024 | 25 replies
Spend time reading through posts in the forum.Get and read Avery Carl's book.
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26 November 2024 | 10 replies
Some people go to Lake Lewisville/Dallas/Grapevine, but I don't hear about them spending the night and there are pretty limited options right on the water.I still hear a few people going up to Broken Bow/Hochatown, but that talk is way way down since about 2021.
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2 December 2024 | 10 replies
Several of my STR investor clients here in Colorado have used a designer, and they generally pick a few statement pieces that they spend money on and then go with FB marketplace or even IKEA for smaller items.
4 December 2024 | 4 replies
I highly recommend you travel to the market yourself and spend a couple days driving around, looking at various properties, if you are going to be buying anywhere.
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8 December 2024 | 12 replies
Well owners who already had section 8 tenants in place didn't want to spend $5, $10, $15k or more upgraded a unit that has a tenant in place just to maintain the rents they had (or have a slight increase) so a lot of section 8 approved properties stopped taking section 8.Right after COVID though, it seems that section 8 has lowered their standards a bit.
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3 December 2024 | 2 replies
Make sure you know what it's like to be an Agent before you spend thousands of dollars on MLS fees etc..
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5 December 2024 | 2 replies
Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.
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6 December 2024 | 12 replies
Quote from @Corinne Snyder:Hi Michael, my CPA will not allow me to claim myself as a real estate professional with my one rental single-family home rental property because I do not spend enough hours per year running it, therefore he won't allow any overhead expenses to be claimed; only expenses related to the property directly.
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2 December 2024 | 5 replies
I have taken dozens of flights for free using credit card points, but Dave isn't going to teach that technique to people who can't control their spending because there's too much risk that they won't have the same discipline I do.Dave teaches people to invest safely because he doesn't want people with no financial discipline taking his advice wrong and chasing get-rich-quick schemes.