Austin M.
3 steps to never budget again!!
21 October 2020 | 1 reply
Really defining what your definition of wealth is can (1) provide that continuous motivation to save towards your goals and (2) help prevent you from spending on things that diverge from your goals due to “shiny object syndrome”.Again, I think your on the right path and kudos to you!
Christina V.
Looking for out-of-state investment as first time investor
31 January 2023 | 36 replies
If cashflow is your primary objective and you're investing out of San Diego with the intention of purchasing cheaper real estate I'd highly recommend looking at acquiring more units.
Michael B.
What vinyl plank product do you use?
8 August 2021 | 63 replies
It is super thick and heavy so can stay in place with no glue, but they recommend glue at least for traffic areas to stop movement if heavy objects are on it.
Danny Webber
Maintaining Your Rental Property is Important
26 February 2023 | 8 replies
Now I do this for three primary objectives: 1.
Hong Yang
Starting out in Buffalo looking for a Mentor
28 September 2023 | 9 replies
The one thing a mentor can provide is objectivity, since they do not have anything to gain (unless it is a paid mentorship or quid pro quo situation).
Mordy Silber
Looking to invest in small commercial multifamily 5 to 20 units.
11 July 2023 | 1 reply
Identify: What are your goals and objectives?
Scott Blackwill
Tax Deferment as an LP investor on Multi-Family Syndication
5 March 2021 | 28 replies
Ideally they are helping you build out an entire tax strategy that proactively looks at the best possible way to minimize your taxes with syndications and all of your portfolio.Second, there are other strategies on tax deferment such as a deferred sales trust that may or may not be appropriate for you based on your personal situation and objectives.
Jake Song
How To Fund Real Estate Using Cash-Rich Life Insurance Policies
16 May 2023 | 6 replies
Costs for taking loans are minimal as opposed to the substantial closing costs that can accumulate from obtaining mortgages and home equity lines of credit or other bank financed loans.The proper mutual life insurance company will allow full payment of dividends on the cash value sum regardless of loans taken, and this is a massive advantage over loans guaranteed by other financial products such as 401(k) accounts and IRAs.Furthermore, because this is your policy and you manage it, there is no worry about having loans called or otherwise altered, like they can with bank financing.The simplicity of borrowing and paying back your policy will at a minimum improve the real estate investor’s capability to swiftly capitalize on opportunities, adding the quickness of money to the equation, and opening up new level of freedom and achievement.A common objection is that using cash value life insurance in this way isn’t an effective approach for real property investors because the policy costs money upfront (premium payment) and is therefore too costly.However, this belief is especially absurd in the context of talking about real estate.
Anthony Martin
First BRRRR rental completed.
24 January 2022 | 2 replies
Make sure everyone is clear on the objectives, budget, and timeline.
Clifton Ho
Tree Damage to Tenant
12 February 2020 | 9 replies
Unless the tenant can show proof that the tree or limb was damaged or rotted and also proof that you were aware of it prior to the loss, the claim goes in to their auto policy under the Comprehensive coverage (Falling objects)