Jeremy Dugan
Apsiring RE Investor // Western, MA & Northern, CT
7 January 2025 | 5 replies
By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!
Nicole Graziano
Tax's: negative income made on flips
3 January 2025 | 4 replies
There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.
Cole Dobbs
New Member Introduction
10 January 2025 | 9 replies
@Cole DobbsIn addition, I may be able to help you and connect you with some key real estate investor players in the Houston, Texas market since I am an Investor myself that have done most of these real estate investing strategies and also an investor-broker who has helped over 400 investors like you.
Patricia Borlongan
New to MTRs, here to learn and be mentored
14 January 2025 | 3 replies
If things work out, we'd like to have at least 1 additional property before the end of the year and have 8 in 8 years.
Harinando Andrianarimanana
New Investor in Kirkland, WA - Starting with Live-in Flips, Aiming for Long-Term Rent
12 January 2025 | 1 reply
Additionally, Tacoma offers a lot of opportunities for live-and-flip projects with lower entry prices compared to Kirkland.
Adriana Siu
Selling High End pre-fabricated module at cost
13 January 2025 | 1 reply
And if still in Spain, how long until it's in US and is shipping additional or is price landed?
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
Accessory Dwelling Units (ADUs) are an increasingly popular way to generate additional rental income on an existing property.
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.
Harmonie Borden
The Creative Investor Meetup (virtual)
7 January 2025 | 0 replies
The Creative Investor Meetup is designed for beginning to advanced investors who would like additional strategies when constructing deals.All aspects of real estate investing will be covered including (but not limited to) - Wholesaling, Flipping, Buy and Hold and Commercial with an emphasis on Creative Financing.
Joshua Kaufman
Commercial Late Fee calculations
5 January 2025 | 3 replies
In addition, all Rent payments hereunder not made within five (5) days of the due date shall bear interest at the rate of one and one-half percent (1-1/2%) per month"The monthly rent is $1550 so the late fee is easy - I've set the account to charge 5% if the rent isn't received within the 10 days stated ($77.50).