All Forum Posts by: Brian M Sweeney

@Brian M Sweeney wouldn’t**

@Kristin Rodriguez I would recommend not doing a flip to start unless you are a contractor. Stick with a cheap value add rental or foreclosure to start. Give yourself some room for error.

@James Pennington I’ve found student rentals to be be profitable if you have a clean & updated unit. The con is that students usually leave the place in need of repairs. I always go for renting to graduate students.

@Josh V. That’s probably not that far off. Should be closer to $400

@Jesse Rivera Kevin is not my partner but a partner. I would hate for @Eamonn McElroy to think things are unfair

@Jesse Rivera check out @Kevin Gray

@Todd Powell on average I think 130-150k a year is a really solid number to meet several goals & still have room for larger expenditures. Obviously the area of the country does matter but as I talk to more and more investors, including myself, that number reaches 150k fairly quickly.

@Kevin Gray

@Anthony Presbitero congrats! The journey begins. As mentioned there are some different tax planning/objectives when house hacking. Not that should you be concerned as any competent real estate professional will be able to handle the situation. Other than that make sure you keep good books!

@Kris Mccrary unfortunately there’s not much to avoid at this point. It’s best to do some tax planning ahead of time to insure you have the proper accounts set up to reduce taxable income as much as possible.

The good news is you made a profit!