3 December 2017 | 21 replies
I would focus on repairing your credit. see a specialist (faster) or open credit cards little by little and pay them off each month. im not saying increase your spending, just saying instead of buying that tank of gas in cash use a cc and immediately pay it off. while your credit is repairing, start banking cash. build a budget and stick to it. 80K a year is good money, make it a goal of yours to retain as much of it as possible i.e. don't eat out, don't go to the local pub, drive a modest paid off car etc. once your credit is up and savings is up, use the 80k a year plus savings to get leverage. then use that leverage to buy your properties. if your looking for a get rich quick scheme, id advise u skip over RE. don't get me wrong, you can make money fast by flipping homes but you didn't mention having experience in that area so I assume you don't. another option if your really in a hurry is to find a partner with experience and cash, and see if you can buy into one of his/hers deals. you would have to market yourself for this and see what type of skills they may need that you have. maybe you can buy in and use your web development skills to beef up and/or maintain your partners website saving them money on outsourcing. that might be your ticket into a partnership. since you mentioned your helping your friend, maybe you can partner with him?
19 February 2018 | 6 replies
(I'm sticking to a a rough full-time hours estimate for this post but you CAN hire a part-time worker too, of course, as your work increases and the position becomes full-time)Keep in mind that you're providing someone employment and an income that they'll rely on.
11 December 2017 | 13 replies
Hi all did pay the big price for the course when I sttarted working in the states investing and it was a difficult transistion because all the material was US based and hard to work with in Canada.
1 December 2017 | 0 replies
A living trust can be a great tool to not only let you dictate the future of your hard earned real estate portfolio while you are still alive but can help reduce estate taxes, ensure a step-up in basis of your properties to eliminate or reduce capital gains and avoid reassessment of your properties when you die so there won’t be a large increase in property taxes.Long story short, please go see an estate planning attorney!
4 December 2017 | 6 replies
It just always seemed more difficult and risky and being a newer investor, feels like something I don't want to tackle.
2 December 2017 | 4 replies
They have a clause in the contract that will forbid any rent increases or evictions for one year.
4 December 2017 | 7 replies
I think many syndicators offer coaching programs as a deals to increase deal-flow.
5 February 2019 | 50 replies
I am currently working on a mid right formula to automate the process of the letters, but because of the way Microsoft word documents transfer into excel and because a formula needs to be in its own cell it is very difficult to figure out.
18 December 2017 | 15 replies
It is part tech so the value could also increase or decrease with any new updates.
1 December 2017 | 3 replies
Trying to coordinate two closings to happen at the same time is likely to be difficult.