13 November 2024 | 4 replies
Tennessee’s no-state income tax policy can be a nice perk for long-term wealth building.Indianapolis Pros: Having real estate connections in Indy could give you a competitive advantage on deals, local market insights, and trusted contractors, which can be invaluable for a BRRRR strategy.Ultimately, your “competitive advantage” might be stronger where you already have boots on the ground.
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11 November 2024 | 8 replies
Special business tax preferences, such as a special deduction for energy-efficient commercial building properties, should be eliminated.Regarding the OP's question, I see no specific Project 2025 policy that will impact investment real estate.
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19 November 2024 | 24 replies
i do think it's challenging, though, for a brand new investor with zero experience to jump right into a huge rehab with a contractor they've never worked with before.the contractor might want a larger up-front payment to mitigate their own risk, and they're not going to be interested in any kind of fancy nonsense like a 'penalty' when they know a new investor has never managed a large project before.i have also found that some contractors, including reputable ones, don't even want to share itemized bids because they just don't want to have to argue about the individual line items.
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14 November 2024 | 10 replies
Is it industry standard to use Passthrough's, as the fee's collected for certain item's are simply collected by the management company, then paid directly to the property management company, making the transactions net to zero for presentation?
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12 November 2024 | 10 replies
Eventually called up my bank to stop this fraudster named Kai and ask for refund, but the bank can only credit the most recent charge per their policy.
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17 November 2024 | 33 replies
That is basically an extra tax return, legal fees for setup, bookkeeping costs (if you aren't doing it yourself), possibly an umbrella policy.
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11 November 2024 | 9 replies
this is old tried and true method of simply having you pay them to get credit cards .. there is no need to pay for this service.. unless you want to of course.. there is no magic bullet ut there that is going to give you credit and financing unless you actually qualify for it.But zero interest credit cards are used by some to do rehab and then pay them off issue is though your fico score drops like a rock the second you take on all these CC.Also starting out there is zero chance of getting any kind of business line of Credit that is unsecured.
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15 November 2024 | 13 replies
Also, zero leverage (ie: no loan)$ 52,800 * .50 = $ 26,400 = NOICAP = $ 26,400 / $600,000 purchase priceCAP = 4.4% (NOT a good return considering you can yield higher returns elsewhere in less risky investments)
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17 November 2024 | 30 replies
PAL rules have a curve that drops to zero at $150k of combined income for couples.
14 November 2024 | 13 replies
With my zero experience in real estate.