Reason 7 on Why the Wealthy Invest in Real Estate!
Economies of Scale
✨This one is simple - the more units under management, the higher your ability will be to lower expenses (think cost per unit), thus driving up t...
Hey gang, One thing ive heard alot from folks lately about is how they are having their spouse qualify as real estate professional status, and getting the hours for it via having them "manage the property manager" and...
Labor shortages and increasing material costs are increasing construction costs for fix-and-flip investors. To manage these rises, you can adopt a few key strategies to control expenses and maintain profitability:Accu...
Hello BP, I’m looking to invest out of state. Just want to know what are the steps to managing rehab efficiently and safely (so contractors won’t run off with your money)?Thanks for your inputs!
Hope y all have happy and safe thanksgiving in quarantine. I’m starting to create a checklist for each team for future use. Everyone in the team is professional and regulated, and their business is highly based on the...
I live in Chicago and have a project manager running all my rehabs in the Quad City market, and we buy about 8-10 properties per month in that market. If you have used a project manager in your business, what are your...
Hello, my husband and I are looking to do our first rehab in a different city than where we live (we live in Austin and looking to buy in El Paso), and are wondering how one determines and writes a scope of work and d...
Has anyone filed taxes yet as a W-2 employee who owns only STR, rents for on average less than 7 days per rental (STR), and materially participates (usually requires 100 hours or more in a year and more than anyone el...
I recent purchased Brandon Turner's book through my Audible subscription. I've been enjoying the content, but I hear continual reference to being able to view all the figures and references in the book on this forum ...
Hello, Im planning ahead and wondering how some of you have managed the rehab and your contract. Once you have the contractor/GC you are wanting to work with, how do you both set expectations of what will be done and ...