In a prior article (“Buying a Building to House Your Business? Stop and Consider This First”), I described a deal where I built a commercial building to house my business on a vacant lot behind one of my rentals. Eventually, after we moved out of the property, I kept it as a multi-unit rental, and.
Each week, our survey of recent residential sales in New York City and the surrounding region focuses on homes that sold around a certain price point, allowing you to compare single-family homes, condos and co-ops in different locales. The “list price” is the asking price when the property came on the market with the most.
To build trust with your audience (and stand out from the sea of other agents posting on social media), you need to give them some content that they don’t see every day. Here are seven things you can do to provide value for your audience. Article image credited to Alex Martinez, Max Kleinen Source link
When you purchase a rental property, it may come with tenants in place, and those tenants will suddenly become YOUR tenants. These tenants are known as “inherited tenants.” Inherited tenants can be beneficial, as you will not need to immediately spend time filling the vacant unit, and you’ll be receiving income from day one. However,.
In today’s episode, we chat with Eric Brotman, CEO of BFG Financial Advisors, who discusses his top 6 ways to reduce taxable income. Eric dives deep into each of these 6 methods, taking time to explain the ins and outs of each one and sharing how to maximize their benefits—both now and for your future..
Brokers can be excellent deal sources for investors, but it’s important to analyze their offering memorandums (OM) and do your own projections. I recently reviewed the OM of a 7-unit building I was considering purchasing. After reviewing the financials, I decided the deal didn’t fit my criteria. Hopefully there are some lessons in the analysis..
The best way to succeed in investment is to learn from the strategies (and mistakes) that other investors have made. And while it’s easy and free to learn from the investors in your network, your network has limited knowledge. Utilize your network, but also consider reading books about investment—or at least consider listening to them..
Does wholesaling make you feel stupid at times? If you answered yes to this question, you’re not alone. Many people are confused and feel lost when it comes to beginning a career as a wholesaler. The purpose of this writing is not to delve into the intricacies of wholesaling—because I (and many others) have done.
Tenants are the lifeblood of the landlording business. But as landlords, we don’t want just anyone as our tenants. We want good quality people who will pay, stay and respect our properties. We want tenants who will not cause problems, either to us or to our other tenants. We landlords already have enough problems to.
If you own a single piece of income-producing real estate, you’re probably fine without any kind of legal structure. But as you seriously consider growing your portfolio and adding investments, you’ll want to think long and hard about how you can legally protect yourself and simultaneously lower your tax implications. How I Bought, Rehabbed, Rented,.