All Forum Posts by: Gregory DeRosso

So I'm sitting in my car during my lunch and to kill time I was browsing the forums and I see alot of the same questions with the same answers.  So I came up with a fun idea. Ask yourself your dumbest question and answer it with your best answer now that we pretend to know better. 

From my limited experience and my strategy, 1% is a bonus but it's about appreciation and wealth creation over cash flow. I always measure IRR and ROI in respect to my exit strategy.

Duplicate.....

I always believed that when opportunity meets preparation, you'll find success.

Just read this article that sounds like doom and gloom to everyone else where as it time to strap up and have fun.  

CNBC: Housing is providing another in a line of troubling signs pointing to an economic downturn.

https://www.cnbc.com/2019/07/02/home-sales-point-t...

https://www.cnbc.com/2019/07/02/home-sales-point-t...

First rule.... search, read, listen and network. 

Then learn the rules and have the confidence to break them. 

And forget about the 2% rule......

I've been doing the math with my Harley's in ridershare. Just signed up last night. Its my daily and a whole lots of fun when I'm driving for $$$$ but I'm fortunate enough to have other options. I'll post my experience with that. I wanted to do turo but my car is kept in an underground garage most of the time and I don't have the time to deal with that

@Nick Panetta

I saw this one on walmart for $140 called the X Y Axis Drawing Writing Machine Drawing Writing Robot Auto Support Extended DIY Tools Kits.  I've been debating it for about a month. I have been driving for dollars for the month of June and started skip tracing some properties and narrowed it down my list to about 220. That's a lot of handwriting that if I can have a machine do it for me.  I might just bite the bullet and give it a shot. if anything,  I can always return it. 

@Kelly DeWinter

I tried the custom font but was never impressed with print quality. interesting thought about the macros. I did a quick google search, which one did you find successful. I want to give it a try.

Pssst.... Take your spouse on a mini vacation, and write it off as business expenses.....

@Cody DeLong

I'm not an practicing attorney, nor a CPA and this should be confirmed with a licensed and practicing personal.....

The problem is that the only way to make it lucrative to a seller is to explain the tax savings in selling through the estate. A common strategy for reducing taxes is for the trust to distribute any income (from a free and clear sale....) to the beneficiaries prior to completing the process. It gets hit with the capital gains on the undistributed income and any seller financing falls in that category.

Hope I was clear. Good luck.

Jersey can be a nightmare depending on what town or municipality you're looking at. I've been looking at rental properties all though north Jersey and in just in reading ordinances and guidelines, it's no better than NYC. Honestly anywhere in the North East is going to be tenant biased. 

On a side note, if your selling, I'm looking... :)