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5 August 2024 | 16 replies
LTR, STR, MTR, BRRRR, Multi-Family, Businesses, Cash Vending, Note trading, Tax Liens, etc.
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3 August 2024 | 16 replies
Under the IRS rules, a person qualifies as a real estate professional if: (1) more than one-half of the personal services the taxpayer performs in trades or businesses during the tax year are in real property trades or businesses in which the taxpayer materially participates, AND.....(2) hours spent providing personal services in real property trades or businesses in which the taxpayer materially participates total more than 750 during the tax year.Like @Greg Scott and @Russell Brazil mentioned above, I don't believe that you would qualify as a REPS, but if you are going to try it, make sure you document it very well (i.e. with some kind of proof, like time cards, mileage forms, and/or receipts, etc.) so that just in case you do get audited, you at least have something to provide to the IRS agent.
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6 August 2024 | 28 replies
I like these amongst ,many other right nowREXR - (Rexford) they are a niche (sub-specialist) in industrial warehouse/distribution/manufacturing in the southern California only urban or Infil area, they are not international like PLD - prologis, their MOAT is that SO-Cal has geographic limitation to new inventory, so they have rent pricing power that industrial in rest of country doesn't, also 26 million people in so-Cal and the 2 busiest Ports in country, their earning/revenue projections next few years are best in class, and they are cheaper on price to book than PLD or others, I own some and will buy a lot more in upcoming Recession, likely in next 6-12 months, when publicly traded equities will likely slide by 20-30% although their assets (physical buildings) are only going up in valueVICI- (casino REIT), used to be part of Cesars palace, then Caesars spun them out in 2018, to do sale leasebacks of their properties to take all that physical capex off the books.
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6 August 2024 | 29 replies
I’m an accountant by trade.
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3 August 2024 | 5 replies
Call me a skeptic but I find it hard to believe there are properties trading in 19147, 19148, 19123 or even 19134 at a 14% cap rate.
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6 August 2024 | 29 replies
There are a number of horrible agents I know (some with questionable ethics) that have cultivated Zillow reviews and can show 50 five start reviews, while some really good agents don't look well on Zillow at all, simply because they don't pay for Zillow and consequently do not cultivate the plattform.
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6 August 2024 | 49 replies
Fast forward 14 months later, through following what David and Cody teach we now have multiple signed LOIs from National, publicly traded, home builders that will net us multiple seven figures.
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31 July 2024 | 11 replies
Consequently, I find myself in a predicament where I cannot recover the funds already spent to proceed with the project.
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1 August 2024 | 5 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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2 August 2024 | 7 replies
You will be way ahead of the curve.Your video production skills will be your biggest asset to trade for experience and you need to keep this in mind.