The 70% Rule states that you should pay no more than 70% of a property’s ARV, minus any repairs. Still, this rule isn’t 100% accurate or reliable.
Overall, the system-based model is something you should focus on. Systems are much more effective than just having arbitrary goals to aim for.
Heard horror stories about bad property management? It doesn’t have to be that way. Know what you’re getting with this comprehensive list of questions!
As investors, it’s vitally important that we don’t dismiss other people. This is a bad habit that can slowly work its way in—and can sabotage your career.
Switching to a vacation site like Airbnb? This CPA’s client just did—and tripled his income! Here’s what you should know about the tax implications.
With real estate, as with most things, it is critical to form a competent and effective team. In fact, it will be critical to form multiple of these.