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3 December 2024 | 4 replies
A prudent investor doesn't seek quick riches through shortcuts.
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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.
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9 December 2024 | 98 replies
No, they are swept up in get rich quick scheme that is Bitcoin.
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2 December 2024 | 2 replies
I’m making a few assumptions: 1) at least some buyers and sellers will accept much less agent handholding than commonly assumed, 2) the primary value that agents add is a) pricing guidance and b) advising clients on offers and counter-offers, and 3) there’s no truly compelling reason why North America has the highest average commissions in the rich world.
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3 December 2024 | 7 replies
Are utilities paid by individual unit tenants?
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4 December 2024 | 3 replies
Use individual leases to reduce risk, screen tenants carefully, and set clear rules about noise and responsibilities.Good luck!
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3 December 2024 | 4 replies
I’m here to network with like-minded individuals, share experiences, and grow my knowledge in real estate investing.
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6 December 2024 | 12 replies
The type of your business or the fact that you are paying them as an individual does not take away the requirement to file 1099s."
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5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
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4 December 2024 | 2 replies
Only an experienced individual or professional should try this.