I had involved with most phases of RE...
发表于 : 2014-05-16 8:47I am involve with most phases of RE, from land development to 2008-07-17 19:36:45
I am involve with most phases of RE, I have a LLC or partnership setup for each phase, land development, concrete/excavating, new construction, rehab/remodel.
rentals are actually just a side products in the beginning, something we accumulated over 16 years, but it is began to show its cash flow power last few years, in 07, rentals counts about 100k of my income.
is land lording hard work? yes it is, but lucky I don't have to do any physical work, in the beginning, my construction crew help maintains them, but last 3 years, I have 2 full time handyman assigned just for rentals.
08 is a tough year for real estate, construction side, I did not start any new construction project this year, first time ever. land development side, we only sold half the lots as we did last year, concrete side, only a few jobs, rehab side, so far 1 remodel.
I am involve with most phases of RE, I have a LLC or partnership setup for each phase, land development, concrete/excavating, new construction, rehab/remodel.
rentals are actually just a side products in the beginning, something we accumulated over 16 years, but it is began to show its cash flow power last few years, in 07, rentals counts about 100k of my income.
is land lording hard work? yes it is, but lucky I don't have to do any physical work, in the beginning, my construction crew help maintains them, but last 3 years, I have 2 full time handyman assigned just for rentals.
08 is a tough year for real estate, construction side, I did not start any new construction project this year, first time ever. land development side, we only sold half the lots as we did last year, concrete side, only a few jobs, rehab side, so far 1 remodel.