10 June 2020 | 24 replies
I wonder if it just makes more sense to find good buy/hold cashflow multi-unit properties.Does anyone out there have any advice to maximize the use of my capital/passion, while minimizing the use of my time/energy?
3 June 2020 | 3 replies
@Ahmed EliasBefore hiring anyone, I would first make an appointment with the planning department in the jurisdiction the property is in.I would make sure the planning department, building department, and zoning department will all sign off on your plan.Once this is done you will have a clear idea of what is going to be expected of you to get your place rebuilt and running.After this you can then plan and start speaking to engineers, general contractors and such.Doing this prior will be all for loss of the local government regulators say you can't do it.Just something for you to consider.
3 June 2020 | 3 replies
Minimizing risk from day one is huge.
3 June 2020 | 2 replies
Overall I think you want to minimize risks/rewards.
6 June 2020 | 7 replies
I didn't lock in my losses in the stock market.
3 June 2020 | 1 reply
If not, we ought to watch out for more loan losses and delinquencies.
12 June 2020 | 27 replies
You can’t use self rental losses to offset passive income, etc.
7 June 2020 | 11 replies
Most 401k custodian companies allow up to 50% loan of the balance with very minimal fees.
4 June 2020 | 4 replies
Minimal CapEx requirements up front, and a little Loss to Lease in the first few years with some units’ rents being below market.