Patricia Andriolo-Bull
So now VRBO tells us when and how to communicate?
8 October 2024 | 22 replies
because the desktop version put me into an endless loop.
Kevin Lopez
Hello everyone! Excited to start my journey
11 October 2024 | 17 replies
Joining local real estate investment groups can be a great way to meet like-minded individuals and learn from their experiences.Start Small: Consider beginning with a single-family rental or a small multifamily property.
AJ Wong
Dual Licensing: As a Realtor is it worth getting your NMLS mortgage broker license?
12 October 2024 | 9 replies
Even as a seller focused or listing broker, providing investors with live mortgage rates, programs and accurate resources has proven essential to maximizing transactional incentive and client conversion throughout the years..Although I've never actually executed dual duties on any single transactions (and don't think most investors want to entrust that responsibility to a individual party - nor would I want it!)
Jyotin Gautam
Question about getting FINDER fees in California from out-of-state realtors
10 October 2024 | 5 replies
Additionally, many licensed people (myself included) will never agree to pay "finders fees," "referrals," "commissions," or whatever else the same fee can be called to an unlicensed individual.
Craig Jones
State Farm for STR insurance
13 October 2024 | 24 replies
Last week I was chatting at a party with a State Farm agent (not my local agent) who clued me in that State Farm will write commercial policies for STRs, including SFH owned by an individual or trust.
Mark M.
Ratio Utility Billing System (RUBS)
13 October 2024 | 54 replies
Not having individual meters is simply unprofessional.
Uri Frodis
Wheelbarrow Profits Academy with Jake and Gino
11 October 2024 | 40 replies
I've been a part of the group for over a year now, Uri, and it's been absolutely fantastic.The educational program is top-notch, no doubt, but for me, when I joined, it was all about the access to the network of like-minded, vetted individuals who are there to do deals and make it happen.I've always been frustrated by local meet-up groups and networking events where the majority of people (because the events are typically free) are tire kickers.
Melanie Baldridge
If you want to be a real estate pro, you need to understand the TERMS:
9 October 2024 | 1 reply
It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.
TJ Woolum
Masterminds - Scale Up!
10 October 2024 | 15 replies
Regarding the masterminds, I'm in two and they have been hugely impactful for my growth, both as an individual and my real estate/business growth.
Michael Buska
Does the STR "Loophole" work for Cost-Seg, if not self-managed?
8 October 2024 | 4 replies
There are 7 material participation tests and these are the 3 most common for real estate investors AND you need to meet one of them: Spend more than 500 hours on your rental businessDo substantially everything for the rental businessSpend more than 100 hours on the activity and no one other individual spends more time than you doAnother way to offset non-passive income (e.g.