Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
Yet he has fewer votes than his counterparts in this thread.
Melanie Baldridge
Is this one of the best ways to build long term wealth?
3 October 2024 | 1 reply
Make more money, buy more buildings, and repeat.These folks have compounded their wealth significantly faster than their W2 counterparts since they don't lose 30-50% to taxes each year.
Melanie Baldridge
W2 employees and RE Pro Status
26 September 2024 | 1 reply
Imagine making millions of dollars throughout your career and then having to pay Uncle Sam 30-50% every year instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of the best ways to end up with a much larger net worth at the end of your career.
Jon Zhou
Ashcroft capital: Additional 20% capital call
9 October 2024 | 312 replies
The syndicators then charge fees that are much higher than their institutional counterparts such as 5% acquisition fees, asset management fees, disposition fees, etc...).Are you able to draw any parallels between the mortgage brokers/banks of 2008, Juul, and elderly scammers to the syndicators?
Abel Curiel
Househack NY: The Astoria, Queens 2-family market in 2024
30 August 2024 | 3 replies
The goal is not to hit a bullseye on the first try but instead to stand out as a worthy counterpart so that you have the upper hand amongst competing offers and other prospective buyers.- If a property owner has already received other offers, consider using an escalation clause.- If a property has already been on the market for longer than the average DOM, consider an offer that has terms/conditions favorable to the owner while maintaining a purchase price amount that is favorable to you.
James DuBois
Kris Krohn - Is This Mentor Full of it or Legit?
21 August 2024 | 94 replies
He thinks about it day and night but dares not to actually take off knowing that the universe of things he does not know is vast and his failure while not certain is at least probable.The other castaway finds something that his counterpart didn't.
Spencer Cuello
Home Warranties and Risk Mitigation
8 August 2024 | 5 replies
Could not agree more with my counterparts.
Dante Anderson
Invest in America or Overseas
9 July 2024 | 8 replies
Of course, almost nobody would or should invest in Venezuela or Argentina (although I know people who are bullish on Argentina following the election of president Millei) so I'm not sure how relevant they are in the conversation.As to Mexico, its economy is performing much better than its American counterpart.
Jenny Cunningham
To all the female investors!!!
9 July 2024 | 197 replies
I'm quite a rookie in real estate investment and was very happy to learn stuff from my female and male counterparts, especially those I met thru BP, like the good ol' @Amit M.
AJ Wong
Oregon 1031 Exchange Listings for Sale: Out of State Investor guide to higher yields
2 July 2024 | 0 replies
Wages, gas, taxes, insurance and overall operations costs tend to be significantly lower than our counterpart.