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2 January 2025 | 4 replies
So just something to think about.I would be looking hard at their financials, and I would look hard at what capex is needed.
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8 January 2025 | 10 replies
If you hire a PM, your financial account structure can be simpler.If you plan to continue purchasing rentals, I like some key accounts at the "management" level (income, opex, tax, owncp, reserve) and only have 1 checking account per property to prevent having 100 accounts and unnecessary complexity.
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13 January 2025 | 17 replies
Do you have the financial strength to hold/carry these lots if they don't sell quickly?
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6 January 2025 | 1 reply
Giving them a financial hand to leave could be to your benefit, but I would keep that in my back pocket until its necessary. 7.
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8 January 2025 | 7 replies
Often times, their approval processes are slow.Credit Unions - Their member structure also subsidizes their financial structure so they can also be a source of low-cost financing.
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2 January 2025 | 2 replies
Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.
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9 January 2025 | 32 replies
There’d need to be a lot of rehab work/managing that would require you to put in that many hours.From a financial perspective, it seems like the highest leverage way to keep buying more properties is leveraging your W-2’s and then being work optional.
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7 January 2025 | 2 replies
I want someone who is not only financially capable but also shares my long-term vision for the properties and has experience with seller financing deals.2.
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11 January 2025 | 11 replies
However, sometimes investing is more than just the financial return.
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5 January 2025 | 2 replies
It's been great, but I'm not able to financially benefit from any of that money.