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14 March 2024 | 1 reply
I was recently flagged for tax audit, and one of the asks was to show all hours spent on real estate.
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15 March 2024 | 167 replies
I have SFRs on the Missouri side of KC and Independence.
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20 March 2024 | 175 replies
We intentionally provide a number of checks and balances within FlipSystem (deal analysis, rehab bid audits, and inspection report reviews just to name a few) to ensure that our team is always providing feedback and analysis to clients on their potential deals.
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14 March 2024 | 6 replies
Work with an independent agent that has access to multiple companies and can explain your options.
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13 March 2024 | 13 replies
I recently started a job working in audit after graduating college and I passed two of the four CPA exams so far.
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13 March 2024 | 12 replies
To anyone that has an LLC for flipping, can I operate as a single member LLC and still hire general/independent contractors?
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14 March 2024 | 23 replies
So don't ask - just do a National Screen on all applicants from an independent source - and let your minimum credit score criteria be the reason for non-acceptance.
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14 March 2024 | 13 replies
He regularly crunches the numbers and identifies some of the best markets to invest in (depending on your goals).Two things to consider:1.
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13 March 2024 | 7 replies
It is amazing to me how many people will trust their hard earned money with someone that was in middle or high school during the financial crisis.Beyond this initial search:Experiencetrack recordBusiness PlanAsset typeProjected returnsFinancial StructuresRights and remedies in legal docsRedemption rightsSupplemental Capital CallsOperations capabilitiesOwner/Operator or capital raiser for othersK-1 TimingUse of bonus and accelerated depreciation1031 optionsVertically integrated or outsourcedExperience of team through multiple market cyclesBackground, if any, prior to real estate and syndicationProjected returns net or gross of fees and carrySeeing full financials of current deals with budget vs actuals (if syndicator does not share, or only shares P&L delete their contact)Color on deals that went sideways or lost money and whyMarket analysisColor on why they like that dealRisks of the deal, as they see themDo they have third party audits, ideally from one of big 4 firmsAre they a fund or single asset?
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12 March 2024 | 4 replies
Our company is looking to venture into new construction.Do most small homebuilders (<25 homes per year) have any full-time crew or do they hire all independent contractors for each trade?