4 December 2024 | 0 replies
The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.
3 December 2024 | 6 replies
To align with community property laws and avoid legal or financial complications, consider forming a jointly owned LLC with your wife as a member.
4 December 2024 | 7 replies
@Abigail KingThe important ones have already been covered by others here but a "real estate adjacent"/financial freedom book I recommend is Retire Young, Retire Rich by Kiyosaki.
5 December 2024 | 25 replies
One of the goals I plan on happening in 2025 is to help my oldest son buy his first investment property.
4 December 2024 | 6 replies
The bank will want you to be working for a certain amount of time and that have certain credit score plus have your financial ratios match what they want.
5 December 2024 | 9 replies
I'm a big believer in Multifamily and definitely in my medium-term plan.
5 December 2024 | 11 replies
Or if you plan on staying in the property for a while, some people aim to just pay less than their current rent.In a real estate market where housing affordability is a major concern, house hacking actually stands out as an even more valid strategy than ever for buyers.
4 December 2024 | 17 replies
I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.
4 December 2024 | 32 replies
@Lorenzo Lopez That's a solid plan.
4 December 2024 | 4 replies
I plan to network as much as possible and I’m eager to learn all that I can.