All Forum Posts by: Stephen E.

We are hosting a network Luncheon at Captain Ratty's Seafood and Steakhouse in the historic part of New Bern. The event will cover some happenings of the association and an amazing opportunity to bring your business cards, deals, and questions. 

RSVP by 24 January 2019 is required to help us accomadate our host in providing the necessary staff and room size. Direct all RSVP to [email protected];  include Name and Number of Guests. 

Notice:

Please be aware of the new ordances in place for street side parking. 

We are hosting our General Meeting for the month of January. This month's meeting is being held free and our topic of discussion is round table on Hurricane Florence. How has it impacted your personal progress and efforts in investing in real estate in our local market. Bring your challenges, obstacles, sucesses, and community forethought to the meeting.

Additional information and questions can be directed to [email protected].

We will be looking forward to seeing all who can attend there!

Beautifully located between Los Angeles, Death Valley, and the serenity of Sequioa National Forest. Great Flip, or rental as located near Naval Air Station China Lake. 

Description:

3/2.5 1528 sqft SFH. Extra room not listed due to it being connected to master bedroom.

Disclaimers and Purchase Conditions

Property is being sold in as is condition. Owner will finance property, is very flexible on price, and desires, if full purchase that all closing cost be paid.

If interested please contact me through BP.

Come join us for the Eastern Carolina Real Estate Investing Association (ECREIA) monthly meetup! The ECREIA takes pride in being an education and networking source for investors from all facets of the business. Whether you are a novice or seasoned investor, the opportunity to learn from others experience is invaluable. This event is held for that very reason! Please come with your spouses, business partners, mentors, contractors, real estate agents, or anyone in the real estate space interested in networking and growing their real estate buisness. Entry: $15, unless annual membership is purchased.

@Jay Hinrichs I have done that myself for when I know the offer is too low. Sent a Letter of Intent to purchase so we can dicker about price and terms between the seller and myself then ask the listing agent to draft the contract. It does assist all parties. I prefer the listing agent because I know the fee would be split. I try to make sure they get paid.

If I understand this correctly, Losses and Deprecation would be separate items or are they treated as the same if you hit a threshold?

@Ashish Acharya

Thank you for the detailed criteria. 

What would a tracking of the hours look like. Could you provide and example?

This is only applies to rental losses? When should a person consider pursuing this as part of normal business as an investor?

I have noticed that Tax exemption for real estate professional status. I would like to know more about what this implies and how do you obtain and record what it means to be a real estate professional.

@John Burtle

They best advise I have been given. If you have three <insert agent/contractors> and all offer about the same but one is higher but you spend alot of time trying to get your point across on two. Even if the person is higher in price it would be best for you to go the one you communicate the best with.

it has saved me heartache and alot of trying to explain myself.

@Jim Sestito

I like your Mustachian Philosophy.