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| Registered on: | 3/25/2020 |
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Also OP, you will be gone half the time. Who will manage the property(s) while away?
That is an issue that I will have to solve. I assume I will have to hire a property manager. Do you know if it is possible to have a property manager that works with my schedule since it would not be necessary in my 4 weeks off? Or is that a situation where you give them a percentage of the profits and they are always in charge even if I am off?
That is an issue that I will have to solve. I assume I will have to hire a property manager. Do you know if it is possible to have a property manager that works with my schedule since it would not be necessary in my 4 weeks off? Or is that a situation where you give them a percentage of the profits and they are always in charge even if I am off?
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re: How to get started in rental properties
Posted by bmann on 5/10/23 at 3:30 pm to Billy Blanks
How much? About 150-170K a year.
Do you want to live with your parents? Do they want you to live with them? They are 100% ok with me living at their house. I'd rather not live there but being able to pocket a lot of my salary right when I start would be very nice as well.
Are you in a relationship? Marriage on the table? Not in the near future.
The more I read it sounds like buying a duplex or fourplex and renting the other sides out would be my best starting point. Especially since I realize that it may not be the best idea to buy these properties in cash.
re: How to get started in rental properties
Posted by bmann on 5/9/23 at 11:52 pm to Thundercles
Thank you for the response, I have done a lot of research on the market and how to calculate if a rental will be profitable or not.
Can you expand on why buying in cash is not the best option? Is it because spreading the money over multiple properties with a good downpayment and getting a loan for the rest is going to create more cash flow than just buying 1 in cash?
Can you expand on why buying in cash is not the best option? Is it because spreading the money over multiple properties with a good downpayment and getting a loan for the rest is going to create more cash flow than just buying 1 in cash?
How to get started in rental properties
Posted by bmann on 5/9/23 at 11:32 pm
Hello all,
I am graduating college soon, and have a job lined up making very decent money. I plan to live at my parents or brothers house for a bit because I will be working 4 weeks on at a time so I can't imagine spending money on housing when I will be gone for half the year.
I have always wanted to own rental properties, but do not know where to start. I have read a lot online but still a little confused.
Would it be smart to live with my parents and pretty much pocket my entire salary and then use that to buy a duplex or something similar in cash after a couple years? Would getting a mortgage be better so that I can write off the interest on taxes? I plan to form an LLC once I do this for the protection. Once I have cash flow, do I just hire myself as an employee of the LLC to receive the money?
I know these may be dumb questions, but I am still a little confused. Thank you for any help
I am graduating college soon, and have a job lined up making very decent money. I plan to live at my parents or brothers house for a bit because I will be working 4 weeks on at a time so I can't imagine spending money on housing when I will be gone for half the year.
I have always wanted to own rental properties, but do not know where to start. I have read a lot online but still a little confused.
Would it be smart to live with my parents and pretty much pocket my entire salary and then use that to buy a duplex or something similar in cash after a couple years? Would getting a mortgage be better so that I can write off the interest on taxes? I plan to form an LLC once I do this for the protection. Once I have cash flow, do I just hire myself as an employee of the LLC to receive the money?
I know these may be dumb questions, but I am still a little confused. Thank you for any help
Thanks for all the responses.
Has anyone had any experience with the Franchi Affinity's? If so, what do you think about them?
Has anyone had any experience with the Franchi Affinity's? If so, what do you think about them?
new 12 gauge
Posted by bmann on 12/22/22 at 9:06 pm
I am looking for a new 12 gauge for duck hunting. Only looking to shoot 3". I just got started in duck hunting and my current gun was my father's so it isn't something I want to be using in the marsh because it is sentimental and very heavy. I looked at an A300 ultima and I liked it but know very little about shotguns. Does anyone have any suggestions on a light, reliable 12 gauge that isn't extremely expensive?
Thank you
Thank you
Went to hopedale, caught 12 trout and a few sheepshead and bass. Ive never seen so many people there, the long rocks didn't have one open spot the whole way up and down. Started to get windy and called it a day
Dularge or Hopedale
Posted by bmann on 4/23/20 at 11:10 am
Any opinions? Can go to either. I heard the water has been disgusting lately in Hopedale so I was leaning towards Dularge.
re: GI or Venice Camp
Posted by bmann on 3/26/20 at 11:04 am to tigerinthebueche
My brother has a camp on bayou dularge and he loves it. The state land lease in only 99 bucks a year
re: GI or Venice Camp
Posted by bmann on 3/26/20 at 9:15 am to WilsonPickett
I will probably head down that path
I am very experienced with both areas ive just never looked into camp options and pricing.
Can you send me some more info please? bmann78@yahoo.com
thanks for all the replies guys. Does anyone know if Venice or Cypress cove marinas allow RVs? I know they allow houseboats but what about RVs
re: GI or Venice Camp
Posted by bmann on 3/25/20 at 7:36 pm to blueboxer1119
I was looking at that also, Ive heard liability on the rv cover alone could be up to 3k also. Just on a tiny cover...bummer
GI or Venice Camp
Posted by bmann on 3/25/20 at 7:32 pm
Hey all, I am new here so I'm not sure if I am doing this correctly but we will find out. Does anyone have any idea what it would cost per sq ft to build a camp in Venice or grand isle, nicer but not extravagant camp? I have emailed a bunch of builders but have not received many responses yet. Thanks!
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