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21 January 2025 | 14 replies
I'm not a CPA, no legal advice given.
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26 January 2025 | 0 replies
Well, a lot of life happened and now I am getting back to zero no debt and I'll be renting for now and I am considering a duplex to buy cash or maybe land and some sort of unconventional home but still purchasing cash.
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20 January 2025 | 3 replies
As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).
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6 February 2025 | 2 replies
That’s a huge time commitment, but saving $30K is no small feat!
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30 December 2024 | 1 reply
if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.
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20 January 2025 | 22 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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20 January 2025 | 15 replies
As of now, I'm still up in the air...no major results to justify an overwhelming positive review yet. lol
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10 February 2025 | 7 replies
Of course, there are a few realtors that may be able to find you one or two, but for the most part, no.
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10 February 2025 | 7 replies
I know a lender that can help with both states that does investment lending for very cheap, it would be worth a connection as you look to build out your team no matter what you decide.
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22 January 2025 | 3 replies
FYI, I'm also a modular dealer so you have no idea what I messaged her about.