Quote from @Basit Siddiqi: Quote from @Michael Plaks: @Jamie ParkerDrop trying to "think like a businessman", "reinvest in your business", "level up" etc - the fewer empty words you pollute your brain with, the clearer is your thinkingSolid advice - I think a lot of people try to make investing more complicated than it needs to be with uncessary jargon.Examine how you acquired property #1 and property #2See if there is anything that you can do to acquire more properties faster.I will hold to the 50K or more ideal, but I have some considerations to be made for limiting income under a particular amount.

We financed this acquisition by leveraging Partner Driven’s capital resources, ensuring we could act swiftly on the Benton St property while allowing our partner, Archie Raglin, to engage in a low-risk investment.

The money from a refinance isn’t considered taxable income because it’s a loan, not a sale or gain.

In my experience like other things you get what you pay for. if you go with the companies that are charging super cheap rates - 5%, $100/month or something like that they don't have enough income to sustain a supportive team to actually help you manage your home. 10% is the going rate it seems in the city and that is where the better companies tend to exist. 

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

Hi everyone, a couple of years ago I bought my house and around a year ago I decided to make some extra income and rent a room through airbnb.

If 8 years if rates have spiked and you have a loan in the low 5s, that will have more value than a house that has to be financed at higher rates. 

One person I know has a house in PA, CA, and TX. 

Your cash flow will look great on paper, but sooner or later the house will need a new everything, which is usually 50k-70k. 

If in a tenant-friendly state, the Payment Plan may make sense - but only if tenant signs document stating specific payment dates & amounts and can update their income info to prove they can afford the payments.