Andrea Evans
Can I Do This??
17 February 2024 | 21 replies
Building a financial cushion for unexpected expenses is essential for successful property investment.Remote Work and Relocation: Your ability to move freely due to remote work aligns well with your investment plan.
Lucy Bennet
lower my capital gains tax by raising my own realtor commissions?
16 February 2024 | 9 replies
My realtor commissions get paid to my LLC which is an S-Corp so I pay myself a salary based on the total of the realtor fees and other flips I do throughout the year.
Chris Gormley
Wholesale Cold Caller Help!
17 February 2024 | 8 replies
Does anyone have good experience with cold callers and where they're based out of?
Hayden Clark
Method to get started?
15 February 2024 | 6 replies
Here's a breakdown of your options:Option 1: Buy a Duplex and House Hack:Pros:Opportunity to build equity through property ownership.Potential for rental income to offset living expenses.Experience in real estate investing and property management.Cons:Market conditions may make it challenging to find a duplex with positive cash flow.Limited flexibility if you decide to move or expand your real estate portfolio.Option 2: Buy a Single Family Home with Airbnb Potential:Pros:Potential for property value appreciation through renovations.Airbnb income could help offset mortgage costs, especially during the summer.Greater flexibility in terms of future use (long-term rental or full-time Airbnb).Cons:Airbnb regulations and demand can vary, requiring thorough research.The seasonality of Airbnb income might not provide consistent cash flow.The initial cost of renovations and potential difficulties in property management.Option 3: Rent an Apartment and Wait:Pros:Flexibility to wait for more favorable market conditions.The ability to save money for a larger down payment or other investments.No direct responsibility for property maintenance.Cons:Potentially missing out on current low-interest rates.Renting doesn't build equity, and rent prices may increase over time.Additional Considerations:Market Conditions: Keep an eye on the local real estate market trends.
Jonathan Glancy
Weighing different investment strategies in Cleveland, Ohio...starting with 300k
15 February 2024 | 8 replies
It's very easy to make the mistake of just looking at spreadsheets and basing your decision on projections.
Pat Greene
First Rental Property - Hoarder Tenant Concerns
17 February 2024 | 7 replies
Based on my experience with hoarders - Leave it alone.Unless they are causing damage you really don't want to spend your energy chasing that.
Kyle Falkenstein
LVP or Carpet in Rental?
17 February 2024 | 18 replies
Lvp is a very easy diy install...another reason for fan base.
Amer Swid
Need advice on inspection report. Knobb and tube and others
17 February 2024 | 11 replies
Here are some recommendations based on the limited information you posted:Yes, I would get the chimney flue installed.
Jun Lopez
Looking for an accountant in the area
16 February 2024 | 12 replies
The accountant that we had last time is based in Chicago, specializes in real estate and is a good one.
Amy Raye Rogers
If Unit Count Doesn't Matter, What is the #1 Metric to Measure for Success?
15 February 2024 | 1 reply
It can be cash flow, or equity as you mentioned which are traditional measures but then there are some more philosophical measures such as creating a way to do something your are passionate about or the ability to provide quality housing for people in the community.