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All Forum Posts by: Cole Shope

Cole Shope has started 3 posts and replied 12 times.

Are there any big tax benefits to using the BRRRR Strategy? Are any of the expenses accumulated while fixing up the house tax-deductible?

Originally posted by @Ben Kappel:

Does anyone use Paypal?   Any downsides on that platform compared to Venmo?   I'm worried no one has said that one yet, which makes me think I'm wrong or missing something. 

Ben,

Paypal seems to be confusing for tenants. I don't know why, but I always receive the money with a fee taken out. Definitely a no from me, dog. 

How did you find a GC being out of state?

Depends on the property type (SFR, Multi, Apt). Typically they will talk in the beginning of your relationship as if they will be keeping a keen eye on the property buy in reality its not going to happen. I have heard of Property Managers charging an extra fee to do "visits" more often. Probably not worth it to pay for something like that.

Dan,

Online rent collection (happens to be automatic ) is going to be a game changer for you! I have used Cozy for over a year now. It is nearly perfect for me and my 5 units. Totally free, totally automatic, totally awesome. As I grow Cozy will grow with me.

Cozy earns 4.9/5 from me.

Post: Casual Meetup State Line

Cole ShopePosted
  • Olathe, KS
  • Posts 12
  • Votes 8

This meetup is for anyone interested in real estate - entry level to experienced. Feel free to ask any questions, I will get back to you as soon as possible!

5:30 on Saturday Janurary 6th, 2018

-Cole

Post: Casual Meetup in Overland Park

Cole ShopePosted
  • Olathe, KS
  • Posts 12
  • Votes 8
Alex, there will be a meet up in October. I will let you know when it gets scheduled!

Post: Casual Meetup in Overland Park

Cole ShopePosted
  • Olathe, KS
  • Posts 12
  • Votes 8

We are the only group here!

Post: Casual Meetup in Overland Park

Cole ShopePosted
  • Olathe, KS
  • Posts 12
  • Votes 8

Looking forward to meeting you all tonight at 6:30, College Square Shopping Center, at the Starbucks! 

11930 College Blvd, Overland Park, KS 66210

Post: Casual Meetup in Overland Park

Cole ShopePosted
  • Olathe, KS
  • Posts 12
  • Votes 8
Originally posted by @Kim Tucker:

Confused your post says August 19th and then in a comment, it says August 8th at the same time as the MAREI Meeting.  We hav

 Kim is correct - Meetup is taking place 08/19/2017 at 06:30P, on a Saturday, NOT on a Tuesday!