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16 January 2025 | 12 replies
It also requires different reporting of that separate interest expense on the K-1 each year so the partners know they have the obligation of tracing that interest expense to however the partner used the distributed proceeds.I typed all this up and realized Mr Brooks has left the building and posted this 6 months ago, but hopefully someone else will find this useful!
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9 January 2025 | 3 replies
@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!
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12 January 2025 | 2 replies
The best deals are those where both parties walk away happy and ready to move forward.What specific types of deals or situations are you negotiating?
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17 January 2025 | 37 replies
Its worse than just being off.. 97% of those type of solicitations are from scammers pretending to be lenders you know pump and dump due diligence schemes quote super low rates tell you what you want to hear just need to send me 500.00 up front then another 1000..
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16 January 2025 | 6 replies
IMO, at least for now, the best option is to use stablecoins.There are a few different types.
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27 January 2025 | 12 replies
Testing the entire BRRRR process to see if it's the right strategy for me long-term.building equity through rehab and build out will be best achieved with a lower priced cash purchase---typically wholesale. or word of mouth. depends on the region though. lots of ways to hunt for good BRRRR candidates, but hunting on the MLS typically wont get you low enough prices to make sense....My brother-in-law, who owns a landscaping company in Lee’s Summit, works with a lot of local builders and has been a huge help...This sounds like a great resource for finding subs that will do the work for you independently. most subs can do other types of work as well.If you’ve worked with trustworthy contractors or subcontractors in the Jackson County/MO area (especially those familiar with investment properties), I’d love your recommendations.
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18 January 2025 | 18 replies
Overall, for every type of property....I would say that keeping up with proper maintenance is what most people neglect.
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19 January 2025 | 18 replies
They can go practically anywhere.Emotional Support Animals can be any type of animal - dog, cat, horse, peacock, komodo dragon...
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5 February 2025 | 21 replies
The tenant has two types of coverage: liability and personal property.
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8 January 2025 | 2 replies
Also, what's the name of this type of contract where it's just between you and the seller?