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6 September 2024 | 0 replies
Whether it’s investing in educational materials, leveraging tools for data analysis, or seeking out mentorship, these resources will be your foundation for long-term success.
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5 September 2024 | 1 reply
Driving for dollars can be an effective strategy the costs (gas, time, energy, materials) have to be added to the deal analysis.
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6 September 2024 | 6 replies
.* We request as much due diligence material as possible in the beginning.* We get as close as possible to ironing/feeling out deal terms that would be agreeable to the seller in advance of submitting an offer, including site visits if they are located in the same market we are vs. out of state/market.All of the above data provides us with enough of an analysis to know what our deal parameters are going to be, at least to within a few percentage points.
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5 September 2024 | 0 replies
Alas - I learned every step of the way about ordering materials, working with contractors, scheduling, insurance issues, etc.
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6 September 2024 | 19 replies
The internet has a way of highlighting all the scams out there, but fail to mention the ones that are doing good work.I lack the charisma, but I do have a soul and a successful community.
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10 September 2024 | 43 replies
Not to mention insurance, LABOR, water/sewer rates, building materials, etc.
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6 September 2024 | 13 replies
I have included a slide on cost segregation analysis and how our interior design work can help to support with the owner's material participation hours and furnishing, upgrades to the property, including landscaping can all factor into that analysis.
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6 September 2024 | 11 replies
Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).
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6 September 2024 | 79 replies
everybody get a pen and paper I got the information on Keystone funding Network it's a division of funding for flipping which is an internet program where they try to get you involved in getting their program using their computer software and all that kind of stuff Josh Allen will contact you after you get a 15 day free trial let me back up you can sign up and get a 15 day free trial everyday they will send you one or two or three or four emails and they all involve a video of some type just about as it tutorial supposedly I think really it's a smoke screen because you go into the website so far everything I pulled up is in the MLS just about and I tried to get to the funding sources they said they have hundreds of them and I signed up as a member for the 345 or $395 a month cuz I'm going to cancel in about 3 or 4 days anyway to see if they actually have lenders out there so far I can't get to it and I've met all their guidelines so what they do is Jerry Norton Jerry Norton it's called jln Group LLC 5406 West 11000 North Suite 444 Highland Utah 84003 I got several emails asking how I like the program so far I haven't been able to get into the program so far 90% of the time and as far as sources for funding they say they have sources for funding and it's free as I want me to respond to one of their emails where they will do a telephone interview so that I can be allowed access to hundreds of thousands of dollars and private investor money and what they do is an invedtor walk you through what you need to do like a mentor so to speak. after you find the deal you submit the deal and then what they do is they will give you a proof of funds letter so the person will take you legitimately I've never had to do that I just Pony up about $3,000 cash and put it in escrow so they know you're serious proof of funds letter doesn't mean squat most of the time especially from a private investor if it comes from a bank that's a different story so what they do is they want to walk you through the process supposedly they put a group of investors together and they fund 100% of your deal they will hook you up with the contractors who were going to do whatever improvements are and after everything is said and done basically you get a percentage of the net profit and they get the balamay get about 60% of the net profit.
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5 September 2024 | 4 replies
From what I have read, most internet "gurus" suggest putting each property into its own LLC, 123 Main St.