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11 March 2024 | 4 replies
just some things to think about.in addition to the BP family of podcasts, the rental income podcast with Dan Lane is a great podcast and he interviews a lot of medium size landlords who aren't flashy but really know what they're doing.
11 March 2024 | 7 replies
Dont suppose I'll get it...again, i've never done a real estate deal other than purchasing my house over a decade ago. without experience there's just so much i dont know.networking is a sore spot, i'm just not a people person. thats one reason i look at real estate. since i plan to have any properties managed, i wont have to deal with a lot of people. i imagine you'll scold me for this but whatever. i'm never going to be a people person and thats set in stone. it's something i have to work around not overcome.It seems I always get to the same point with real estate where I take the safe and easy route and leave my $ invested in the stock market. the thing that appeals to me about re, and i'm more focusing on rentals, non b&b, is steady income with an appreciating underlying asset. whereas the market is up and down. i can get totally safe 5% from short term bonds, but i know my principle is withering away from inflation (i dont believe the gubt bogus 3% cpi). with a rental house i could get 5% rental income, and the house will appreciate ~5% a year. that's a huge difference. the other thing i'm somewhat interested in is flips, but same story there, i just dont have the knowledge, and all the reading this forum or watching yt's in the world only gets to the surface as it's all airy generalities.
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11 March 2024 | 13 replies
I'm not sure what part of FL you're in and what properties cost there but could you buy something locally and rent it out or do MTR or STR (to traveling nurses or corporate professionals and/or people vacationing)?
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11 March 2024 | 7 replies
Some things to consider when looking into multifamily is to purchase as owner occupied also called House Hacking.
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11 March 2024 | 6 replies
Maybe I am having a Google issue or something, but when I search for these, I am not confident in what I am finding as being what I am looking for.
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11 March 2024 | 6 replies
I set it up so that groups by tax categories and by property so it is a snap cone tax season.I have a seperate rent roll spreadsheet that has a tab for each property and one tab that has a running number on each property on this one page.I have customized this for my use and what my CPA needs over the years.So this is not something I would share but would be easy for someone to Google xx excel template and find a good starting point like I did years ago.
10 March 2024 | 3 replies
And for homeowners in the forum, what are some things you wish you knew before you made your first purchase?
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11 March 2024 | 11 replies
Just some things to think about.
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11 March 2024 | 6 replies
Just something for you to discuss with your accountant to make sure you're all on the same page.But you and your husband could sell as yourselves and buy as an LLC that only one of you is the member of.
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10 March 2024 | 9 replies
Something like pay now or communicate with your property manager or we will be evicting.