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29 October 2021 | 252 replies
To reduce risk, my goal was to save a 6 month runway of living expenses that would not be touchable — I told myself I could only invest any money above that 6 months of savings (if you know your actual monthly expenses you can just multiply that by 6 to get that number, @scott trench explains it in his book Set for Life).However, the BRRR method involved fronting a lot of cash in a new market, managing renovations from afar, and orchestrating a perfect refinance to get my cash back.
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11 April 2017 | 2 replies
The Republican congress wants a revenue neutral plan to reduce the effective tax rates people pay in this country.
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14 February 2017 | 6 replies
Then, while you are living in the unit, you will likely have a reduced but maybe not free cost of living there but you will have a nice cash flowing property when you move out.If you start with a property that is in good condition (roof, HVAC, appliances, water heater, paint, flooring, etc) then there is a reasonable chance that you will accumulate funds to handle future expenses by setting aside the two months of rent each year that I discussed earlier.
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1 August 2015 | 20 replies
I've also started working with a few realtors to look at a few properties, and even started looking into different business entities to hold my investment(s).Well low and behold, I was just notified there was a mistake, and I not eligible to make this distribution.
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31 July 2015 | 15 replies
It might reduce the crime rate in the area.
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2 August 2015 | 4 replies
Hi all,I just formed my first LLC and received some information that if I elected the scorp option for tax purposes, I could reduce my tax burden.
23 November 2016 | 31 replies
This would reduce sticker shock and your touch time.Not sure if a site is feasible (if you have enough properties to justify) but having a link to a webform where they do the pre-screening as part of the initial contact would reduce your touch time.If you are in a high rental velocity area they may be getting into other places by there time you responding or if they feel it's taking to long they may move on?
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2 May 2016 | 3 replies
I will let you know if I have to reduce rents here.
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11 February 2016 | 14 replies
Fourth is, you will want to "book" them for 2-4 straight weeks without interruption, any down days will reduce the price.
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6 April 2017 | 1 reply
Hi all,Investors from Florida do you all get wind mitigation inspection done to reduce rates?