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7 November 2024 | 10 replies
Names Christian, I’ve, been doing real estate investing for bout a year now, worked on my first property which wasn’t the best ideal situation, but it was an amazing learning experienced that I wouldn’t trade, made a lot of mistakes that after all the classes and events i have attended i am learning where i went wrong, and really in need of a coach to help guide me in the right direction, i do have a game plan in place and the goal i want to reach just need to be helped its a path.
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15 November 2024 | 18 replies
And beyond any realistic worst-case scenario, in my mind I would rather sell my own house and sleep in the car, before one of my investors would lose a cent.
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16 November 2024 | 24 replies
Sounds like title may of made a mistake by allowing this to close and not paying off the partial claim...
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20 November 2024 | 31 replies
Well, in listening to "Mistakes to avoid when Gator lending (2023)" there are bigger worries to be concerned about than are spoken of in the "gator training".
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14 November 2024 | 10 replies
It's really important to go through everything upfront, as the timelines are pretty tight once you start, and certain mistakes will disallow the 1031 in its entirety.Thanks Jackson!
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21 November 2024 | 305 replies
I will say that the two worst groups I've ever rented to were groups of 5 girls.
14 November 2024 | 13 replies
My dad was an estate attorney, I saw mistakes like this over and over growing up and still do today.
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14 November 2024 | 25 replies
You may close ZERO deals in the next 90 days, no matter how hard you try, and those 90 days will be a sort of academy or school where you will learn from your mistakes.
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13 November 2024 | 7 replies
IF you try to obtain it without a skilled Expediter who has experience getting one, you are certainly not putting your best into attaining it.That being said, I have known some expediters who are supposed to be really good make mistakes or don't have the proper knowledge either.
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18 November 2024 | 47 replies
Those people overlooking what it means to “materially participate”Here’s the Material Participation Criteria:Spend more than 500 hours on the short-term rental businessDo substantially everything for the STR businessSpend more than 100 hours on the activity and no one other individual spends more time than you doSignificant participation activity for more than 100 hours, and your combined activity in all significant participation activities exceeds 500 hoursParticipating in the business for five of the 10 previous taxable yearsPersonal service activity (non income-producing) for three of the previous taxable yearsRegular, continuous, provable participation in the business for more than 100 hoursA Cautionary Tale: The Story of JacksonLet's take a moment to learn from the mistakes of others.