23 May 2020 | 3 replies
I am sorry to tell you this, but tenants will heat the place to 80 degrees in the wintertime, and be in shorts and a t-shirt, and cool it to 68 in the summer time.
25 January 2018 | 7 replies
My question is after I scale up and make enough cash flow to sustain my life style I’d like to quit this job.
24 January 2018 | 4 replies
2 is always better than 1, but make sure you follow the rules of your 1031 to a T.
23 May 2018 | 42 replies
pack your sh*t and keep going..... that’s just my personal opinion on this.
13 March 2018 | 8 replies
I second @Levi T.
14 March 2018 | 3 replies
@Tom DelThose aren't good comps.A comp is similar style and size and amenities, sold within the last 3-6 months.
9 May 2018 | 10 replies
Its been awhile and i thought i will give you the folks on here an update.The seller and I went back and forth on pricing, he wanted me to forgo the mortgage contingency and wanted to limit the amount of money he was willing to spend on the work needed to get the CCC.We finally settled on on an "as -is" price where i would assume responsibility for the repairs; close with a temp CCC and use a home style mortgage to get all the repairs done post closing.I kept the inspection clause and have had the house inspected; primarily to determine that the structure is ok.
25 March 2018 | 1 reply
Assuming the buildings cost increasing some over 5 yearish project, interest rates going up, and some "oh sh*t's".
15 January 2020 | 50 replies
3 reasons:1 - It quickly eliminates that debt completely2 - You've eliminated a monthly payment forever, which is the equivalent of buying a rental property but without the 3 T's...and, you reduce the amount of cash flow you need to pay your monthly bills.3 - The cash you were using for the monthly payments of debt you paid off you can now use to accelerate the payoff of the next in line of the "bad debts" you mentioned.You get the trifecta.